LG Group names Koo Kwang-mo as CEO; Lotte board back jailed head Shin Dong-bin

Arirang News 2018-06-29

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구광모 회장, LG그룹 새 총수 '등극'+신동빈 일본 롯데홀딩스 이사 해임안 부결

The board of LG Group named Koo Kwang-mo as CEO.
The son of the group's late Chair Koo Bon-moo... becomes the fourth generation of the Koo family to head the company.
It's the first time a great grandchild of a founder of one of the ten largest Korean conglomerates take the helm.
Meanwhile, the jailed head of Lotte Group, Shin Dong-bin,.... was backed by Japanese shareholders in a vote today,... to keep his seat on the board.
Lotte Holdings,... a holding firm for Lotte's Japanese businesses... with major stakes in the group's Korean units,.... rejected the motion to dismiss him, during its shareholders' meeting in Tokyo.
Shin was sentenced to 2-and-a-half years in prison in February for bribery, linked to the jailed former President Park Geun-hye and her close friend.

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