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Company Information

LG Electronics' corporate governance and organization is provided so current and potential investors can better comprehend how the company is managed.

LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing 83,000 people working in 128 locations around the world. With 2014 global sales of USD 55.91 billion (KRW 59.04 trillion), LG comprises four business units - Home Entertainment, Mobile Communications, Home Appliance & Air Solution, and Vehicle Components - and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2014 ENERGY STAR Partner of the Year.

Board of Directors

Following the launch of the holding company, LG Corp., LG Electronics operates under an advanced corporate governance structure that comprises a professional administrator and a Board of Directors.

This structure helps us deploy more transparent, value-creating management activities that help increase corporate and shareholder value.

Management System

When LG Electronics removed the Circulating Investment Structure of its affiliated companies (through the launch of a holding company system), this enabled the holding company to take full charge of investments.

Evaluation and Compensation

Compensation for the BOD members is made within regulations pertaining to BOD compensation that has been approved at the General Shareholder's Meeting.

Director

Bon-Joon Koo

Representative Director / CEO

LG Electronics (Vice Chairman), Inside Director

Bon-Joon Koo assumed the role of Vice Chairman of LG Electronics on October 1, 2010.

Born in 1951, Mr. Koo is the grandson of In-Hwoi Koo, the founder of the LG Group. Mr. Koo has nearly a quarter of a century of experience working for various LG companies. Prior to his appointment to Vice Chairman of LG Electronics, Mr. Koo served as the Vice Chairman and CEO of LG International. From 1999 to 2006, Mr. Koo created and led the joint venture LG.Philips LCD, which became LG Display in 2008. He set the stage for LG Display to become the in 2008. He set the stage for LG Display to become the leading global LCD manufacturer that it is today. Earlier in his career, Mr. Koo held various executive roles overseeing semiconductors, PCs, IT and chemicals. He returned to LG Electronics where he worked from 1986 to 1995 across a range of business areas.

Mr. Koo graduated from Seoul National University in 1978 with a degree in computational statistics and received his MBA from the University of Chicago Booth School of Business.

Do-Hyun Jung
Representative Director
CFO
LG Electronics (President),
Inside Director
Yu-Sig Kang
Vice Chairman of
LG Management Development Institute,
Non-Executive Director
Chang-Woo Lee
Professor Seoul National University
Outside Director, Audit Committee
Chong-Nam Chu
Professor Seoul National University
Outside Director,
Audit Committee
Man-Pyo Hong
Lawyer
Outside Director
Joon-Keun Choi
Outside Director of JB
Financial Group,
Outside Director,
Audit Committee

Management System

When LG Electronics removed the Circulating Investment Structure of its affiliated companies (through the launch of a holding company system), this enabled the holding company to take full charge of investments. Consequently, LG Electronics has been able to focus on its own businesses while increasing the overall value of the Company. This corporate governance structure has laid the groundwork for increasing managerial transparency. Through a responsible management system comprising of the CEO of LG Electronics and a Board of Directors, we are taking huge steps in strengthening our competitiveness at both the domestic and international level, in order to maximize corporate and shareholder value.

Evaluation and Compensation

Compensation for the BOD members is made within regulations pertaining to BOD compensation that has been approved at the General Shareholder's Meeting. The evaluation of management and executives of LGE is held annually. Top management and executives are evaluated to determine whether they have set and achieved challenging goals, whether their job objectives composed of quantitative and non-quantitative factors were achieved, as well as their capability through fair and objective process, and appropriate compensation corresponding to the outcome of the evaluation is determined.