The board of LG Group named Koo Kwang-mo as CEO. The son of the group's late Chair Koo Bon-moo... becomes the fourth generation of the Koo family to head the company. It's the first time a great grandchild of a founder of one of the ten largest Korean conglomerates take the helm. Meanwhile, the jailed head of Lotte Group, Shin Dong-bin,.... was backed by Japanese shareholders in a vote today,... to keep his seat on the board. Lotte Holdings,... a holding firm for Lotte's Japanese businesses... with major stakes in the group's Korean units,.... rejected the motion to dismiss him, during its shareholders' meeting in Tokyo. Shin was sentenced to 2-and-a-half years in prison in February for bribery, linked to the jailed former President Park Geun-hye and her close friend.