LG Electronics (LG) said that the head of its Home Appliance Company, Executive Vice President Moon-bum Shin, was promoted to president. Shin took over responsibility for LG's China operations effective December 1. LG also promoted Executive Vice President Seong-jin Jo, head of its washing machine division, to replace Shin at the Home Appliance Company.
LG said its Home Appliance Company has been performing extremely well, despite the global economic downturn, and is a key business for LG in emerging markets.
Shin previously held the position of Managing Director of LG India. Prior to that, Shin was head of the Home Appliance Overseas Business Division and was an executive in LG's Air Conditioner and Compressor Division. Shin graduated from Aju University with a degree in Mechanical Engineering and joined LG Electronics in 1986.
Jo has been head of the Home Appliance Company's Washing Machine Division since 2005. He was important in developing many of the innovations currently found in LG washing machines, including steam wash and the Direct Drive motor. Jo received the Bronze Tower Order of Industrial Service Merit from the Korean Government in 2007 in recognition of his contributions to Korean technology and its impact on the national economy.
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