The Korea Herald

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LG founder joins CEA’s Hall of Fame this year

By Korea Herald

Published : May 1, 2012 - 19:21

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LG Group said Tuesday that Koo In-hwoi, founder of LG Corp., was inducted into the Consumer Electronics Association’s 2012 Hall of Fame.

Joined by 11 others, the U.S.-based CEA, which is the organizer of the world’s biggest electronics annual trade show in Las Vegas, said it chose Koo for leading the consumer technology industry as well as shaping and advancing innovation.

The 12 new honorees will be inducted into the organization’s Hall of Fame during an awards dinner held on the sidelines of its industry forum in San Francisco on Oct. 16.

Koo In-hwoi

Koo In-hwoi

“This elite group of leaders has laid the foundation that our industry continues to build upon,” said CEA President and chief executive Gary Shapiro. “Their vision, drive to excel and enthusiasm have helped to create the innovative consumer electronics products and services that have improved the lives of consumers worldwide. It is a pleasure to recognize this prestigious group.”

According to the CEA, this year’s inductees include company founders and investors who have promoted technology, along with marketers and retailers who educate and deliver products to consumers.

Koo, who established Gold Star ― now LG Electronics ― in 1958, is known for adding convenience to the lives of Koreans by taking the lead in developing and manufacturing electronic goods such as televisions, refrigerators, washers and air conditioners.

He also played a role in spreading information technology and telecommunications throughout the country with the supply of communication cables, telephones and switchboards, said LG officials.

By Cho Ji-hyun (sharon@heraldcorp.com)