Chairman Koo Kwang-mo "Deeply Apologize for LG Chem Accident, Seeking Measures from the Ground Up" (Update)

Koo Kwang-mo, Chairman of LG Group (file photo) / Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Changhwan Lee] Regarding the series of fatal accidents at LG Chem, LG Chairman Koo Kwang-mo instructed that the management must take heavy responsibility and devise fundamental measures from the ground up.

According to LG Group on the 20th, Chairman Koo made an emergency visit by helicopter to LG Chem's Daesan Plant in Seosan City, Chungcheongnam-do. He inspected the accident site and the recovery situation from the previous day’s incident and strongly urged the management, including Vice Chairman Shin Hak-cheol, to establish fundamental measures to prevent safety and environmental accidents.

Chairman Koo said, "I once again express my deep condolences and sympathy to the victims and their families regarding the consecutive accidents at our domestic and Indian business sites, and I sincerely apologize for causing concern to many people."

He continued, "All management must deeply feel the heavy responsibility for the recent series of safety and environmental accidents," and ordered, "Please prepare fundamental measures from the ground up."

He especially emphasized, "A company collapses not because of poor business performance but instantly when it fails in crisis management such as safety, environmental, or quality accidents."

Chairman Koo added, "Safety and environment are the basic fundamentals that must be observed regardless of business success or failure," and said, "CEOs must take real responsibility, prioritize safety and environment as the top management priority, and prepare fundamental measures."

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