LS Group has promoted Koo Bon-gyu, president and representative director of LS Cable System and a third-generation member of the founding family, to vice chairman. The company is prioritizing organizational stability over sweeping personnel changes, aiming to sustain its growth momentum driven by a boom in the power sector.
On the 5th, LS Group held a regular board meeting and carried out executive appointments for 2027. In this round of promotions, a total of 15 individuals were elevated, including one vice chairman, one president, one senior vice president, three directors, and nine managing directors.
Koo Bon-gyu, president and representative director of LS Cable System, was promoted to vice chairman. The newly appointed vice chairman has been credited with driving the growth of major affiliates, including LS Cable System, Gaon Cable, LS Eco Energy, and LS Marine Solution, since taking on the role of representative director at LS Cable System in 2022. He received high praise for achieving record-high performance and order results through the advancement of business structure and the strengthening of global competitiveness.
This personnel change has further strengthened the third-generation ownership management system at LS Group. The newly appointed vice chairman is the eldest son of Koo Ja-yeop, honorary chairman of LS Cable System. Among the third-generation owners of LS Group, Koo Bon-hyuk, vice chairman and representative director of Inveni, became the first to be elevated to vice chairman in 2024. The newly appointed vice chairman follows in his footsteps, becoming the second third-generation owner to hold the title of vice chairman.
Kim Hyeong-won, senior vice president of LS Cable System, was promoted to president. He was recognized for his contributions in leading energy business operations and driving the expansion of orders and growth in the submarine cable sector. The newly appointed president will concurrently serve as head of safety management and head of energy management at LS Cable System.
The recruitment of external experts was also carried out to secure future growth drivers and strengthen financial competitiveness. Choi Won-jin, former president and representative director of Lotte Insurance, has joined Co., Ltd. LS as head of the Business Strategy Division. The newly appointed division head is an economics and finance expert who has worked at the Ministry of Economy and Finance and the International Monetary Fund (IMF), and is evaluated as possessing extensive experience in capital markets and global capabilities. Based on this, LS Group plans to proactively respond to industrial policy and market changes, while focusing on reviewing future businesses and strengthening financial strategy.
Koo Bon-gwon, senior vice president of LS MnM, was appointed Chief Operating Officer (COO) of LS Etron. Three individuals—Jo Moon-ki, managing director of E1; Kim Byung-ok, managing director of LS Marine Solution; and Hong Yeong-ho, managing director of LS Materials—were promoted to directors. The nine individuals promoted to managing director are: Pyun Jeong-il, director of LS Cable System; Kim Hee-jung and Koo So-hee, directors of LS Electric; Gwak Seong-seok, director of LS MnM; Go Wan, director of LS Etron; Jeon Jin-man, director of E1; Son Tae-won, director of Gaon Cable; Oh Chang-ho, director of LS Metal; and Kim Seong-jik, director of GRM.
In this personnel change, LS Group retained most CEOs (Chief Executive Officers) of its major affiliates. The company focused on maintaining organizational stability while solidifying the foundation for sustained growth and simultaneously preparing generational turnover to prepare for future businesses. The scale of new board appointments was expanded to a record high. In particular, leaders responsible for future growth drivers, such as battery materials, permanent magnets, and power generation business, were promoted to bolster the advancement of new ventures.
Seventeen individuals were appointed as new directors: Geum Dong-hee, Heo Hui-deok, Lee Su-gil, and Park Chang-hoon (LS Cable System); Lee Sang-su and Heo Yeong-mu (LS Electric); Ha Sang-gyun and Lee Chung-hwa (LS MnM); Jeong Geun-bung and Do Seung-uk (LS Etron); Park Hyeon-chang (E1); Lee Jeong-min and Koo Won-kyung (Inveni); Choi Jun-hwan (Yesco); Kwon Se-jin (Gaon Cable); Park Jae-hyun (LS Metal); and Kim Tae-gyu (LS ITC).
An LS Group official stated, "We carried out personnel changes emphasizing organizational stability and maintaining growth momentum in preparation for an uncertain business environment," adding, "We will continue the trend of record-high performance and further strengthen our position in the market."
in INDUSTRY
