#28 Koo Family (LG)

Photo by SeongJoon Cho/Bloomberg

2017 Asia's Richest Families NET WORTH

as of 11/14/17

The electronics giant LG Corp. accounts for nearly 70% of the clan's fortune. The biggest shareholder, Chairman Koo Bon-Moo, lost his only son in 1994 and adopted nephew Koo Kwang Mo, who is in line for succession. The family's interests span chemicals, telecommunications, fashion and machinery. In 1947 Koo In-Hwoi cofounded Lak Hui Chemical Industrial Corp., starting with a popular face cream. A packaging problem drew criticism, prompting In-Hwoi to pivot to household products. His son Koo Ja-Hak is married to Lee Sook-Hee, daughter of the late Samsung founder.

Fortune Founded1958
Source of WealthLG Corp

Net worth over time

Asia's Richest Families
October 2015
Asia's Richest Families
November 2016
Asia's Richest Families
November 2017

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Key Connections
Lee Kun-hee
Related by residence country: South Korea
Holds stake in LG Corp