Who is Koo Ja-gyun, the CEO who ran 167 km in Ferrari at the Olympics?

On May 18, the Yongsan Police Station in Seoul announced that it had sent LS Electric Chairman Koo Ja-gyun, who drove a Ferrari at 167 km/h on Seoul’s Olympic Road, and Kim, a manager of the same company, who falsely stated that “I was driving” to the prosecution. Chairman Koo is accused of violating the Road Traffic Act, and Manager Kim is charged with escaping a criminal.

On November 9, last year, around 11:30 p.m., Chairman Koo was caught by an unmanned speeding camera while driving a Ferrari at 167 km/h on Olympic Road in Seoul, where the maximum speed is 80 km/h. The Road Traffic Act stipulates that driving at a speed of 80 km/h or more over the speed limit is subject to criminal punishment with a fine of 300,000 won or less or detention, not fines or fines. Punishment for overspeed 메이저사이트drivers has been limited to fines, but the punishment has been significantly strengthened according to the revised Road Traffic Act, which came into effect on December 10, 2020.

When the police notified Chairman Koo of an investigation for violating the Road Traffic Act, General Manager Kim appeared at the police on December 23 last year and stated that he was driving a Ferrari. However, after confirming that the owner of the vehicle was Chairman Koo, the police questioned him, saying, “Why did you drive Chairman Koo’s car?” In response, Director Kim reversed his statement in the second police investigation, saying that he was not driving. In late March, Chairman Koo appeared to the police and admitted that he was driving the vehicle himself and speeding.

LSAn Electric official said, “I know that Kim went to the police to find out the situation and said that he was driving, thinking that he simply had to pay a fine.” When asked about Chairman Koo’s instructions or suspicion of involvement, “The incident occurred in November of last year and the police investigation by Director Kim was conducted in December, so it seems that he had time to spare, but Chairman Koo used a cell phone number that is not often used when registering a vehicle. He explained that he was not aware of the notification of the police investigation because he registered it,” and “Director Kim’s false statement was an independent act, and there was no involvement of Chairman Koo or the upper management of the company.”

Chairman Koo is the third son of E1 honorary chairman Koo Pyeong-hoe, younger brother of LG Group founder Koo In-hoe . He graduated from the College of Law at Korea University in 1982 and completed his Master’s and Doctorate in International Business Administration at the University of Texas in 1985. Since 1993 he has been a professor at Kookmin University’s Department of Business Administration, and in 1997 he became a professor at Korea University’s Graduate School of International Studies. In 2005, Chairman Koo ended his 10-year career as a university professor and joined LS Industrial System ( predecessor of LS Electric), drawing attention and serving as the head of the management division and vice president. Since 2007, he has been inaugurated as the CEO of LS Electric and has been leading the company. Chairman Koo’s LS Group stake is 1.85%, with LG Chairman Ja-yeol Koo (1.87%) and Ja-yeop KooIt is similar to LS Cable & System Chairman (1.46%) and LS Cable & System Vice President Koo Bon-gyu (1.16%).

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