LS Chairman Gu Ja-yeol's son Gu Dong-hwi appointed as registered director of LS Networks next month

[Asia Economy Reporter Kang Nahum] Gu Dong-hwi, Executive Vice President and Chief Operating Officer (COO) of E1 and the only son of Gu Ja-yeol, Chairman of LS Group, will be appointed as a registered director of LS Networks next month.

According to LS Networks on the 14th, the 71st regular shareholders' meeting will be held on the 30th of next month, where a proposal to appoint Executive Vice President Gu as an inside director will be resolved.

Executive Vice President Gu joined Woori Investment & Securities in 2012, then served as Deputy General Manager of the Management Strategy Office at LS Electric in 2013, Head of the China Industrial Automation Division, and Head of the LS Value Management Division, before being appointed COO of E1 in this year's personnel reshuffle.

E1 is the largest shareholder of LS Networks, holding 81.79% of the shares as of the third quarter of last year.

An LS Group official stated, "It is understood to mean that the third-generation LS Group executives, who are now actively participating in management, are entrusted with important responsibilities to focus on the company's growth."

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