Do Hyun Jung, former CFO for LG Corp. was appointed CFO for LG Electronics in January 2008. Since joining LG in 1983, He has demonstrated his expertise in restructuring business portfolios and inviting foreign capital.
Mr. Jung was head of business development at LG Corp., the holding company for LG Group. His responsibilities included the execution of cross-border mergers and acquisitions transactions as part of LG Corp.'s portfolio management strategy.
Mr. Jung began his career at LG with the finance team at LG Group's Office of Planning and Coordination in 1983. On that team, he started his work in coordinating the affairs of companies in the group, in the areas of debt/equity financing, taxes, as well as mergers and acquisitions.
During his six years at LG International (America)'s Los Angeles Branch starting in 1992, he oversaw annual turnover of 600 million dollars, mainly in the areas of semiconductor chips and components, computer components, as well as mobile devices.
Mr. Jung returned to the Finance Team of LG's Chairman's Office in 1997. When the economic crisis hit the Korea in 1998, at the Business Restructuring Team, he focused on improving the financial structure of LG Group and restructuring its business portfolio by way of selling LG's marginal businesses and assets, or inviting foreign capital into existing businesses.
He successfully managed several restructuring projects such as the sale of LG's elevator/escalator business to Otis in 1999 and the inviting of 50 percent equity participation by Nippon Mining & Metal in LG's copper smelting business in 1999, both of which had transaction sizes of over 850 million dollars, as well as the sale of 50 percent stake in LG-Honeywell to Honeywell in 1999. Mr. Jung's most recently closed deal involved the sale of controlling stake in LG Ad, Inc., a listed company in KSE, to WPP Group, a multinational advertising group, in December 2002.
Mr. Jung graduated from Seoul National University in 1981 with a Bachelor's Degree in Business Administration. He is married and has one son and one daughter. During his free time he enjoys golf and hiking.