Koo Bon-Moo: Koo Bon-Moo Net Worth, Biography, Age, Spouse, Children & More

About Koo Bon-Moo

Koo Bon-moo, a pivotal South Korean business figure born on February 10, 1945, in Jinju, reshaped the LG Group's identity during his tenure from 1995 until his passing in 2018. Educated at Yonsei University in South Korea, followed by Ashland University and Cleveland State University in Ohio, Koo Bon-moo embarked on a formidable career by joining Lucky Chemical (later evolving into LG Chem) in 1975. His leadership saw remarkable transformations, notably transitioning to LG Group's helm after significant roles within the company, including a strategic position at GoldStar's Tokyo office. The succession, which followed the legacy of his father, Koo Cha-kyung, saw Koo Bon-moo navigating the conglomerate through innovative growth until health challenges led him to end treatment for a brain tumor, culminating in his death on May 20, 2018. His foresight included adopting his nephew, Koo Kwang-mo, ensuring continuity in the group's leadership. Koo Bon-moo's era signifies a period of visionary leadership and expansion for LG Group, marking an endearing legacy in South Korea's business history.

Born

February 10, 1945 in Jinju, KeishMnan-dM, Korea, Empire of Japan

Died

May 20, 2018 (aged 73)

Source Of Wealth

Diversified

Industries

Diversified

Citizenship

South Korea

Education

Master, Cleveland State University

Koo Bon-moo was born on February 10, 1945, in Jinju, South Korea. He enrolled at Yonsei University and completed both his bachelor's and master's degrees in Ohio at Ashland University and Cleveland State University.

Koo Bon-Moo: Family

Koo Bon-moo was the son of Koo Cha-kyung, the founder of the LG Group. He had one son, Koo Bon-joon, who passed away in 1994. In 2004, he adopted his nephew, Koo Kwang-mo, who succeeded him as chairman of the LG Group.

Koo Bon-Moo: Career Highlights

Koo Bon-moo returned to South Korea in 1975 and joined Lucky Chemical, which later became LG Chem. In 1980, he transferred to GoldStar, where he headed the company's Tokyo office from 1983 to 1985. In 1995, he succeeded his father as chairman of the LG Group.

Koo Bon-Moo: Companies

Koo Bon-moo was associated with the following companies: LG Group, LG Chem, and GoldStar.

Koo Bon-Moo: Major Achievements

Under Koo Bon-moo's leadership, the LG Group grew into a global conglomerate with a presence in various industries, including electronics, chemicals, telecommunications, and home appliances. He is credited with renaming the company from Lucky-GoldStar to LG and expanding its international operations.

Koo Bon-Moo: Awards & Achievements

Koo Bon-moo received numerous awards and recognitions for his contributions to the business world, including the Order of Industrial Service Merit from the South Korean government and the Grand Cordon of the Order of the Rising Sun from the Japanese government.

Koo Bon-Moo: Personal Life & Legacy

Koo Bon-moo was known for his dedication to work and his passion for golf. He was also a philanthropist and supported various educational and cultural institutions. His legacy includes the transformation of the LG Group into a global powerhouse and his commitment to corporate social responsibility.

Koo Bon-Moo: Trivia

Koo Bon-moo was an avid art collector and had a personal collection of over 3,000 pieces of art. He also enjoyed playing the piano and was a fan of classical music.

Wealth History

Timeline

February 10, 1945

Koo Bon-moo was born in Jinju, South Korea.

1975

Koo Bon-moo returned to South Korea and joined Lucky Chemical (later LG Chem).

1980

Koo Bon-moo transferred to GoldStar.

1983-1985

Koo Bon-moo headed GoldStar's Tokyo office.

1994

Koo Bon-moo lost his only son.

1995

Koo Bon-moo succeeded his father, Koo Cha-kyung, as chairman of LG Group.

2004

Koo Bon-moo adopted his nephew, Koo Kwang-mo.

2017

Koo Bon-moo underwent treatment for a brain tumor.

May 20, 2018

Koo Bon-moo passed away in Seoul at the age of 73.

Koo Bon-Moo : FAQs

What is Koo Bon-Moo's net worth?

As of 2018, Koo Bon-Moo's net worth was $2.20 billion.

What are Koo Bon-Moo's main sources of wealth?

Koo Bon-Moo's main source of income comes from Diversified.

In which industry does Koo Bon-Moo primarily operate?

Koo Bon-Moo is primarily involved in the Diversified industry.

What is Koo Bon-Moo educational background?

Koo Bon-Moo holds a Master from Cleveland State University.

Is Koo Bon-Moo dead?

Yes, Koo Bon-Moo died on May 20, 2018 (aged 73).

How many children does Koo Bon-Moo have?

Koo Bon-Moo has 3 children.

Who was Koo Bon-moo and what is he known for in the business world?

Koo Bon-moo was a prominent South Korean business executive renowned for renaming and leading the LG Group, significantly contributing to its global expansion and success.

How did Koo Bon-moo begin and advance his career in the LG Group?

Koo Bon-moo started his career at Lucky Chemical, part of LG Chem, in 1975, moved to GoldStar in 1980, and eventually succeeded his father as chairman of LG Group in 1995, marking significant achievements in the company's history.

Can you detail Koo Bon-moo's succession and family business continuity plan?

After losing his only son in 1994, Koo Bon-moo adopted his nephew, Koo Kwang-mo, in 2004, ensuring the continuity of leadership within the LG Group, highlighting the importance of family succession in South Korean conglomerates.

What were the circumstances surrounding Koo Bon-moo's health and death?

Koo Bon-moo battled with a brain tumor from 2017 and opted to end his medical treatment, passing away in Seoul on May 20, 2018, at the age of 73, leaving behind a legacy in the global business community.