Whitebox Advisors LLC (together with its affiliates, "Whitebox" or "we"), a long-term shareholder of LG Corporation (KRX: 003550) ("LG" or the "Company"), today announced that leading independent proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis") have recommended that LG’s shareholders vote AGAINST the proposed spin-off of a newly created holding company comprised of LG’s direct and indirect holdings in LG Hausys, LG MMA, Silicon Works, LG International and Pantos (the "Spin-Off").