LG Chairman Koo Kwang-mo won a first-instance court decision retaining his legal status as son of LG founder Koo Bon-moo, defeating his biological mother's adoption-nullification suit filed September 2024. The Seoul Family Court ruled that a 22-year legal relationship as adopted son supersedes biological claims after the founder's death in 2018.
The ruling eliminates the adoption-dissolution threat that had shadowed Koo's control of LG Corporation and its subsidiaries, LG Electronics and LG Energy Solution. A dissolution would have transferred voting rights to other founding family members and potentially triggered a contested succession process.
LG Corporation's market capitalisation was ₩17.9 trillion at Thursday's close, with LG Electronics adding another ₩272.9 trillion. First-half LG subsidiary profits totalled ₩3.2 trillion, driven by memory-chip margins and semiconductor demand.
The ruling clears a major overhang for LG as the company navigates competitive pressures in semiconductors, displays and batteries. Succession uncertainty would have constrained capital allocation and long-term strategy.
kstock reads DART every morning and writes up what moved — the contract, the buyback, the number that does not add up. The daily post and a Saturday roundup, by email.
| Symbol | Last Price |
|---|---|
| 003550LG Corp. | ₩121,100 +2.4% |