More Transparency on LG
Third Avenue International Value's Amit Wadhwaney says LG's holding company structure is much less opaque than it used to be.
Mike Breen: I see a lot of folks walking around with LG phones here at the conference, and I know you own that name, and that's a Korean company--a holding structure that is a little bit opaque.
Amit Wadhwaney: No, not really, no. LG in the old days was much more opaque. In fact, it used to by Lucky Goldstar. LG split up into the LG part and the GS group. LG of course wound up with the LG Electronics, LG Chemicals, LG Health Sciences and a number of other companies.
Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.