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Whitebox Advisors LLC: Whitebox Advisors Sends Letter to the Board of Directors of LG Corporation Asserts LG s Recently-Announced Proposed Spin-Off Would Fail to Create Value for Long-Suffering Minority Shareholders Believes the Board Should Focus on Narrowing LG s Staggering Trading Price Discount, Which is Currently 69% Relative to Net Asset Value Encourages the Board to Abandon Anti-Shareholder Maneuvers in Favor of Improving LG s Corporate Governance and Implementing the Company s Long-Delayed Capital Management Plan Whitebox Advisors LLC today sent the below letter to LG Corporation s Board of Directors. 14 December 2020 Koo, Kwang Mo Dear Members of the Board of Directors, As you are aware, Whitebox Advisors LLC (together with its affiliates, Whitebox or we ) owns a significant stake in LG Corporation ( LG or the Company ). We are a long-term shareholder that has repeatedly sought to engage with the Board of Directors (the Board ) an ....