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| Koo Cha-won |
Born in 1935, Koo was the second-generation leader at LIG Group, which was spun off from LG Group in 1999.
Koo headed LIG Insurance before selling the country's fourth-largest non-life insurer to KB Financial Group, a major South Korean banking group, in 2015. He also served as honorary chairman of LIG Nex1, a key South Korean defense company.
Koo was a younger cousin of LG Group Honorary Chairman Koo Cha-kyung, who died last December, also of a chronic illness. Koo Cha-kyung was the grandfather of the current chairman, Koo Kwang-mo. (Yonhap)
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