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LG Electronics CEO to remain in position for another 3 years

LG Electronics Inc. CEO Jo Seong-jin will remain in his post for the next three years, Yonhap News Agency reported March 16.

According to industry watchers, the board's decision to keep Jo as chief executive was due to the way he increased company profits in 2017, the report said.

Jo became CEO of the South Korean consumer electronics company in 2016.