What is Koo Bon-Moo's Net Worth?
Koo Bon-Moo, a distinguished South Korean businessman, has amassed a notable net worth of $1.6 billion. As the eldest grandson of LG founder, In-hwoi Koo, Koo Bon-Moo's journey has been deeply intertwined with the South Korean multinational conglomerate.
Career and Achievements
After obtaining his Master's degree from Cleveland State University, Koo Bon-Moo dedicated almost his entire career to LG, where he has been serving as chairman since 1995. Under his leadership, LG has solidified its reputation as the fourth-largest conglomerate of its kind in South Korea.
LG's Innovations and Challenges
Despite facing a slight decline in the smartphone market last year, LG executed a significant marketing campaign for its Optimus G II phone, reaffirming its presence in the industry. The company is also venturing into new territories with its innovative organic light-emitting diode (OLED) screens for televisions, which promise to be thinner and brighter than traditional LCD screens.
Personal Life
Koo Bon-Moo shares his considerable fortune with his wife, Kim Young-Shik, whose LG stakes are estimated to be worth $425 million. Together, they play a pivotal role in steering the company's future and contributing to its sustained success.
