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LG Group

February 17, 2015

A third-gen of South Korean conglomerate LG Group appears to have cracked the glass ceiling at her family’s business, becoming the first female family member appointed to top management.

A third-gen of South Korean conglomerate LG Group appears to have cracked the glass ceiling at her family’s business, becoming the first female family member appointed to top management.

Koo Ji-eun, who is also a next gen of the Samsung empire through her mother’s side, was appointed vice president of LG Group's catering subsidiary Ourhome this month, 11 years after she joined the company.

Koo is the daughter of Ourhome chairman Koo Cha-hak, and her uncles are LG Group chairman Koo Bon-moo and vice-chairman Koo Bon-joon.

May 20, 2013

Family-controlled conglomerate LG Group has announced it will award 400 billion won (€278 million) worth of contracts to smaller businesses, as the South Korean government moves to rein in the economic dominance of its biggest family businesses.

Family-controlled conglomerate LG Group has announced it will award 400 billion won (€278 million) worth of contracts to smaller businesses, as the South Korean government moves to rein in the economic dominance of its biggest family businesses.

In the voluntary move, LG will award system integration contracts worth 230 billion won, advertising deals worth 100 billion won and the remainder to construction contracts.

January 7, 2013

Family-controlled LG Group has announced big investment plans for the coming year. It has outlined a budget of 20 trillion won (€14 billion) for growth and development – a 19.1% increase on 2012’s research and development spending of 16.8 trillion won.

Family-controlled LG Group has announced big investment plans for the coming year. It has outlined a budget of 20 trillion won (€14 billion) for growth and development – a 19.1% increase on 2012’s research and development spending of 16.8 trillion won.

Headed by chief executive Bon-Joon Koo, grandson of founder In-hwoi Koo, LG plans to increase its share in the fiercely competitive electronics market – continuing its battle with the likes of Samsung and Apple for growth.

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