November 10, 2005
Korea Gas Corp. picked Lee Soo-ho of LG International Corp. to become chief executive, replacing Oh Kang-hyun, who was sacked in March.
“More than half” of the shareholders voted for Mr. Lee, Kim Jong-man, a company spokesman, said by telephone yesterday from Seongnam. Mr. Lee, 61, is currently chief executive and vice chairman of LG International.
Mr. Lee will start work on Nov. 15, Mr. Kim said. The government and Korea Electric Power Corp., the country's dominant power provider, own 61.2 percent of Korea Gas.
Shareholders of Korea Gas, the world's largest buyer of liquefied natural gas, removed Mr. Oh at its annual general meeting in March, accusing him of damaging Korea Gas's reputation.