Gu Jawon, Honorary Chairman of LIG Group, Passes Away at 86 (Comprehensive)

Koo Ja-won, Honorary Chairman of LIG Group

[Asia Economy Reporter Yang Nak-gyu] Gu Ja-won, Honorary Chairman of LIG Group, passed away at around 11:15 a.m. on the 28th. He was 86 years old.

The deceased was the eldest son of the late Gu Cheol-hoe, former chairman of LIG Group and the first younger brother of the late Gu In-hoe, founder of LG.

He was born in 1935 in Jinyang-gun, Gyeongnam Province, and studied law at Korea University and the University of Cologne in Germany. After joining Rakhee Chemical in 1964, he served as president of Lucky Securities, president of Lucky Development, and vice chairman of LG Information & Communications.

Later, with the separation of affiliates, he entered the financial industry and led LIG General Insurance (now KB Insurance), which became the foundation of LIG Group, continuing the management of LIG Group. After selling LIG General Insurance, he served as honorary chairman of LIG Nex1, a defense company.

Surviving family members include Gu Bon-sang, chairman of LIG Nex1; Gu Bon-yeop, former vice president of LIG Construction; Gu Ji-yeon; and Gu Ji-jeong. The funeral is being held at Seoul Asan Medical Center Funeral Hall, Room 30. The funeral procession will be on the morning of the 31st, and the burial site is the ancestral grave in Jinju, Gyeongnam Province.

This content was produced with the assistance of AI translation services.