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Koo Family (LG)
PROFILE
Koo Family (LG)
$8.7B
2017 Asia's Richest Families Net Worth
as of 11/14/17
Photo by SeongJoon Cho/Bloomberg
About Koo Family (LG)
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.
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