( CNN ) -- Yong Nam was appointed Vice Chairman and CEO of LG Electronics effective January 1 , 2007 . Mr. Nam honed his strong business insight during his 30 years of experience with LG Electronics , LG Corporate and LG Telecom . He is well-known in the industry for his strategic outlook , in-depth IT experience and global perspective . Prior to his appointment , Mr. Nam served as Head of Strategic Business for LG Corporation and was responsible for overall strategic business initiatives . He directly supported the LG Group chairman on a variety of business issues , including telecommunications . Mr. Nam served as the President and CEO of LG Telecom from 1998 until 2006 . Under his leadership , the company 's revenue increased five-fold from $ 560 million to $ 2.6 billion , subscribers tripled from 2.1 million to nearly 7 million and profits grew to around $ 250 million in 2005 . He was instrumental in introducing the world 's first mobile Internet service , ez-i , and in commercializing mobile banking service BankON , now the number one convergence service in Korea . In 1997 , he assumed additional responsibilities , overseeing the Executive Office for Strategic Projects , LG 's corporate-level new business development arm . Later that year , he led the Multimedia Division of LG Electronics as Vice President and transformed the division into a profitable business within just one year . Mr. Nam joined the LG Chairman 's Office in 1986 . As a Special Assistant to the Group Chairman , he ran the in-house team that drove change management . He also led corporate-wide efforts to achieve operational excellence and redefine LG 's strategic direction . Mr. Nam 's career at LG began in 1976 when he joined LG Electronics in the overseas business planning division . As part of this role , he spent seven years in the U.S. in several management positions centered on marketing and sales , which helped him develop a global perspective on LG 's business . Mr. Nam is a graduate of Seoul National University , and is fluent in English and Japanese in addition to his native Korean . He enjoys golf , reading and hiking during his leisure time . E-mail to a friend .
Yong Nam is the CEO of LG Electronics . He joined the company in 1976 and spent time in the U.S . He speaks fluent English , Japanese and his native Korean .