Gu Bon-jun, Chairman of LX Holdings, Gifts 15 Million Shares to Children

▲Koo Bon-joon, Vice Chairman of LG. (Provided by Koo Bon-joon)

[Asia Economy Reporter Oh Hyung-gil] LX Holdings announced on the 27th through a public disclosure that Chairman Koo Bon-jun gifted 15 million shares (19.66%) of LX Holdings stock to his two children.

Chairman Koo gifted 8.5 million shares to his son, LX Holdings Executive Director Koo Hyung-mo, and 6.5 million shares to his daughter, Koo Yeon-je.

Based on the closing price on the stock gift date (December 24) of 10,050 KRW per share, the shares are valued at 85.425 billion KRW and 65.325 billion KRW respectively, totaling approximately 150.7 billion KRW.

As a result of this gift, Chairman Koo's stake in LX Holdings decreased from 40.04% to 20.37%, but he retains his position as the largest shareholder.

The shareholding ratios of Executive Director Koo and Koo Yeon-je increased to 11.75% and 8.78%, respectively, making them the second and third largest shareholders of LX Holdings.