Yong Nam

Vice Chairman & CEO, LG Electronics

Yong Nam was appointed Vice Chairman and CEO of LG Electronics on January 1, 2007. His appointment signifies LG's continued development as a highly profitable, technological leader, with strong brand power.

Mr. Nam's business acumen is the result of more than 30 years of experience at LG Electronics, LG Corporate, and LG Telecom. He is well known in the industry for his strategic outlook, in-depth IT experience, and global perspective.

Prior to his appointment, Mr. Nam served as Head of Strategic Business for LG Corporation, and was responsible for its overall strategic business initiatives. He directly supported the LG Group chairman on a variety of business issues, including telecommunications.

Mr. Nam served as the President and CEO of LG Telecom from 1998 to 2006. Under his leadership, the company's revenue increased five-fold, from $560 million to $2.6 billion, and subscribers tripled from 2.1 million to nearly 7 million?with profits growing to approximately $250 million in 2005. Mr. Nam was instrumental in introducing the world's first mobile Internet service, ez-i, and in commercializing the mobile banking service BankON, now the number one convergence service in Korea.

In 1997, Mr. Nam assumed additional responsibilities, overseeing the Executive Office for Strategic Projects, LG's corporate-level new-business development arm. Later that year, he led the Multimedia Division of LG Electronics as Vice President, and transformed the division into a profitable business within just one year.

Mr. Nam joined the LG Chairman's Office in 1986. As a Special Assistant to the Group Chairman, he ran the in-house team that drove a change in management. He also led corporate-wide efforts to achieve operational excellence and to redefine LG's strategic direction.

Mr. Nam's career at LG began in 1976, when he joined LG Electronics in the overseas business planning division. As part of this role, he spent seven years in the U.S., assuming several management positions centered on marketing and sales, all of which helped him develop a global perspective on LG's business.

Mr. Nam is a graduate of Seoul National University, and is fluent in English and Japanese in addition to his native Korean. He enjoys golf, reading and hiking during his leisure time.