LS Group Announces 2027 Executive Appointments; LS Cable CEO Koo Bonkyu Promoted to Vice Chairman

Most CEOs at key affiliates retained
New executive director appointments reach record high
External talent recruited to strengthen financial strategy

LS Group has announced its executive appointments for next year. The move aims to maintain stability by retaining most CEOs at key affiliates while also pursuing generational change focused on future growth businesses.

LS Group said it finalized the appointments at a board meeting on November 5. The appointments will take effect on January 1, 2027. This is about two to three weeks earlier than usual, when the group typically made its appointments in late November.

The appointments focus on stabilizing the organization and sustaining growth. The group plans to minimize organizational changes by retaining most CEOs at its key affiliates and to maintain earnings growth amid a boom in the power business.

The group is also pursuing generational change to secure future growth engines. LS Group increased the proportion of newly appointed executive directors to about 60% of all promotees, the highest level on record. It plans to promote executives responsible for future growth areas, including battery materials, permanent magnets and power generation, to secure growth opportunities ahead of competitors.

Koo Bon-kyu, Vice Chairman, CEO and Global Management Head of LS Cable. LS Corp.

Koo Bonkyu, president and CEO of LS Cable, was promoted to vice chairman. Since becoming CEO of LS Cable in 2022, Koo has led the growth of key subsidiaries, including Gaon Cable, LS Eco Energy and LS Marine Solution. He was also recognized for achieving record-high earnings and order results through business portfolio upgrades and stronger global competitiveness.

Kim Hyungwon, executive vice president of LS Cable, was also promoted to president in recognition of his work overseeing the energy business and driving growth in global orders and the subsea cable business. He will now oversee both energy management and safety management.

LS Group also recruited external talent to strengthen its future businesses and financial strategy. Choi Wonjin, who gained capital markets experience and global expertise at the Ministry of Economy and Finance and the International Monetary Fund (IMF), among other organizations, was appointed head of the Management Strategy Division at LS Corp. He will be responsible for responding proactively to industrial policy and market trends and reviewing the group’s future businesses.

Koo Bonkwon, one of LS’s third-generation business leaders, is moving from LS MnM to LS Mtron, where he will serve as chief operating officer (COO). He is expected to strengthen the company’s ability to respond to business uncertainties at home and abroad and bolster LS Mtron’s management stability.

Koo Bonkyu, president and CEO of LS Cable, was the sole executive promoted to vice chairman. Kim Hyungwon of LS Cable was the sole executive promoted to president, while Kim Wootae, an executive vice president at LS Cable, was promoted to vice president.

Three executives were promoted to executive vice president: Jo Mungi of E1, Kim Byeongok of LS Marine Solution and Hong Youngho of LS Materials.

Nine executives were promoted to senior vice president: Byun Jeongil of LS Cable; Kim Heejung and Koo Sohee of LS ELECTRIC; Kwak Seongseok of LS MnM; Ko Wan of LS Mtron; Jeon Jinman of E1; Son Taewon of Gaon Cable; Oh Changho of LS Metal; and Kim Seongjik of GRM.

Seventeen new executive directors were appointed: Geum Donghee, Heo Hoedeok, Lee Sugil and Park Changhun at LS Cable; Lee Sangsu and Heo Youngmu at LS ELECTRIC; Ha Sanggyun and Lee Chunghwa at LS MnM; Jeong Geunbung and Do Seunguk at LS Mtron; Park Hyunchang at E1; Lee Jeongmin and Koo Wonkyung at INVENI; Choi Junhwan at Yesco; Kwon Sejin at Gaon Cable; Park Jaehyun at LS Metal; and Kim Taegyu at LS ITC.

This content was produced with the assistance of AI translation services.