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| Yong Nam |
| Vice Chairman and CEO, LG Electronics |
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 Biography |
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| Biography |
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Yong Nam was appointed
Vice Chairman and CEO of LG Electronics effective
January 1, 2007. His appointment signifies LG's
desire to achieve the status of a highly profitable,
technological leader with strong brand power.
Mr. Nam honed his strong business insight during
his 30 years of experience with LG Electronics,
LG Corporate and LG Telecom. He is well-known in
the industry for his strategic outlook, in-depth
IT experience and global perspective.
Prior to his appointment, Mr. Nam served as Head
of Strategic Business for LG Corporation and was
responsible for overall strategic business initiatives.
He directly supported the LG Group chairman on a
variety of business issues, including telecommunications.
Mr. Nam served as the President and CEO of LG Telecom
from 1998 until 2006. Under his leadership, the
company's revenue increased fivefold from $560 million
to $2.6 billion; subscribers tripled from 2.1 million
to nearly 7 million; and profits grew to around
$250 million in 2005. He was instrumental in introducing
the world first mobile internet service, ez-i, and
in commercializing mobile banking service BankON,
now the number one convergence service in Korea.
In 1997, he assumed additional responsibilities,
overseeing the Executive Office for Strategic Projects,
LG's corporate-level new business development arm.
Later that year, he led the Multimedia Division
of LG Electronics as Vice President and transformed
the division into a profitable business within just
one year.
Mr. Nam joined the LG Chairman's Office in 1986.
As a Special Assistant to the Group Chairman, he
ran the in-house team that drove change management.
He also led corporate-wide efforts to achieve operational
excellence and redefine LG's strategic direction.
Mr. Nam's career at LG began in 1976 when he joined
LG Electronics in the overseas business planning
division. As part of this role, he spent seven years
in the U.S. in several management positions centered
on marketing and sales, which helped him develop
a global perspective on LG's business.
Mr. Nam is a graduate of Seoul National University,
and is fluent in English and Japanese in addition
to his native Korean. He and enjoys golf, reading
and hiking during his leisure time.
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