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SEOUL (Reuters) – Koo Bon-moo, the chairman of South Korea’s fourth-largest conglomerate LG Group, passed away on Sunday due to illness, the Yonhap news agency said.
LG Corp (003550.KS), a holding company of the electronics-to-chemicals conglomerate, said on Thursday its longtime 73-year-old chairman was unwell and planned to nominate his son to its board of directors in preparation for a leadership succession.
Reporting By Jane Chung; Editing by Kim Coghill
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