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Koo In-hwoi ( Korean : 구인회; Hanja : 具仁會, 26 August 1906 – 31 December 1969) was a South Korean businessman and the founder of LG Group, one of the largest chaebols in South Korea. [1]
Jan 21, 2020 · South Korean businessman and entrepreneur Koo in-Hwoi founded LG 73 years back on5 January 1947. However, the story behind the formation of the LG group is interesting to know. The idea born when relative Huh Man-Jung visited him.
Chairman In-hwoi Koo initially named his company "Lucky" (which sounds like "Lak Hui," meaning giving joy to all) after the huge success of "Lucky Cream," Korea's first makeup cream. It was here that LG's first hit product became the company's name.
LG Corporation (or LG Group), formerly known as Lucky-Goldstar, is a South Korean multinational conglomerate founded by Koo In-hwoi and managed by successive generations of his family. It is the fourth-largest chaebol (family-run conglomerate) in South Korea.
Feb 10, 2016 · “Yonam” Koo In-hwoi, the founder of LG Group, and his eldest son “Sangnam” Koo Ja-kyung are both business tycoons who helped create the foundation for Korea’s growth into one of the world’s leading industrial economies. Koo In-hwoi’s nickname comes from Yeonji-dong in Busan, where LG Group was born.
Sep 26, 2023 · At present, Koo Kwang-mo—the great-grandson of founder Koo-In Hwoi—is the chairman of the large corporation with total assets of $118.1 billion, according to the Business Chief. Under his management, the conglomerate’s market cap grew by nearly threefold.
Koo In-hwoi. Published 2024.02.28. 13:20. Summary. Mr. Koo is the founding chairman of LG Group. Under Mr. Koo, LG became the first company in Korea to produce plastic goods in 1952, radios in 1959, and televisions in 1966, laying the foundation for a major Korean consumer goods conglomerate.
