Vice Chairman Koo Bon-kyu, the '3rd Generation of LS,' Appointed CEO of LS Cable & System, the Origin of the Group

Bong-gyu Koo, Vice President and CEO of LS Cable & System

[Asia Economy Reporter Jeong Hyunjin] Koo Bon-gyu (42), Vice President of LS Mtron and third-generation member of the LS family, is expected to take on the role of CEO of LS Cable & System, the founding company of the LS Group, and be evaluated as the next-generation leader.

On the 26th, LS Group held a board meeting and finalized the 2022 executive appointments, announcing this decision. Vice President Koo is the eldest son of Koo Ja-yeop, Chairman of LS Cable & System, and the second son of the late Koo Tae-hoe, Honorary Chairman of LS Cable & System.

Vice President Koo graduated from Sejong High School and completed his studies with an MBA from Purdue University in the United States. He joined LS Cable & System's U.S. subsidiary in 2007, served as A&D Overseas Business Director and Executive Director of the Industrial Automation Business Division at LS Electric, and since 2019, moved to LS Mtron where he served as COO (Executive Director) of Management and then as CEO Vice President.

It is reported that Vice President Koo was appointed CEO of LS Cable & System in recognition of his achievement in turning around LS Mtron from several years of poor performance to profitability. LS Mtron had recorded operating losses annually for the past four years but posted sales of 526.2 billion KRW and an operating profit of 20.8 billion KRW in the first half of this year, raising expectations for a return to profitability this year.

Among the third generation of LS, besides Vice President Koo, Koo Bon-gwon (34), Executive Director of LS Nikko Copper, was promoted to Senior Executive Director on the same day. The newly appointed Senior Executive Director Koo is the eldest son of Koo Ja-cheol, Chairman of YESCO and the fourth son of the late Honorary Chairman Koo Tae-hoe.

Those who took the lead in management last year, such as Koo Bon-hyuk (44), President of YESCO Holdings, and Koo Dong-hwi (38), Chief Operating Officer (COO) of E1, were not included in this personnel announcement.

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