LG Group chairman Koo Bon-moo dies


FILE PHOTO - LG Group chairman Koo Bon-moo meets U.S. President Barack Obama (not pictured) as they attend the groundbreaking of a factory for Compact Power Inc. in Holland, Michigan, U.S. July 15, 2010. REUTERS/Kevin Lamarque/File Picture

SEOUL: Koo Bon-moo (pic), the chairman of South Korea’s fourth largest conglomerate that was the first to adopt a transparent shareholding structure among its units, has died. He was 73.

Koo died yesterday at 9:52 pm Seoul time as he did not seek extension of life after falling ill a year ago, according to LG Group in an emailed statement.

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