LS Group reshuffles for stability in digital age

Home > Business > Industry

print dictionary print

LS Group reshuffles for stability in digital age


Koo Ja-eun

The LS Group announced the results of its corporate reshuffle of top-level executives on Tuesday. It promoted 28 of its senior executives, fewer than the 39 promoted last year.

The reshuffle indicates that the company is looking forward to a year of stability rather than expansion.

“The number of promoted executives was reduced in preparation as slow growth is anticipated for the global economy next year,” LS said in a statement. “CEOs of main affiliates remained unchanged so they can further stabilize the organization and help it strengthen internally.”

A notable promotion this year was LS Group Vice Chairman Koo Ja-eun’s appointment to the chairman position. LS Group has seven chairmen in total, with six of them in charge of main affiliates. Koo Ja-yeol is at the helm of the entire group.

Koo Ja-eun is the last among LS Group’s second generation leaders to join the ranks of chairman. He is the only son of Koo Doo-hwoi, who was one of LG Group’s co-founders. The LS Group spun out from LG in 2003.

Continuity will help in the pursuit of digital strategies, the group said.

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)