South Korea's LG Group Chairman Koo Bon-moo dies at 73

South Korea's fourth-largest conglomerate LG Group has said its Chairman Koo Bon-moo passed away at the age of 73 on Sunday due to illness. He became the third chairman of LG at the age of 50 in 1995. The group's holding company LG Corp on Thursday nominated his son Koo Kwang-mo to the board in preparation for a leadership succession.