LG Uplus said on March 24 it held a board meeting and appointed outside director Nam Hyeong-du (남형두) as its next board chair. LG Uplus said it improved governance to strengthen board independence and solidify a board-led responsible management system.

This marks the first time LG Uplus has appointed an outside director as board chair. The company said it expects the board's checking function over management to be strengthened and management transparency to improve. It stressed that having an outside director lead the board will help drive key decisions from an objective perspective and build a governance system that prioritises protecting the rights and interests of shareholders and stakeholders.

Nam, appointed as the new board chair, is a legal expert who graduated from Seoul National University's College of Law and has served as a partner attorney at Lee & Ko, president of the Korea Entertainment Law Society, and a member of the President's Fourth Industrial Revolution Committee.

He is currently a professor at Yonsei University Law School. He has served as an outside director of LG Uplus and chair of its internal transactions committee since 2022.

An LG Uplus official said, "Nam is the right person for the role, with high ethical standards and an understanding of governance that enables him to faithfully carry out legal responsibility and oversight functions." The official added, "With the appointment of an outside director as board chair, we will strengthen the board's practical independence in its operations, become a company trusted more by investors and customers, and maximise shareholder value."