This is the first time in two years for LG to name a new vice chairman.
The group said that Park, who took the helm of the group's chemical arm in December last year, was credited with his contribution to strengthening existing businesses and developing new ones for future growth.
"Under the leadership of the new vice chairman, LG Chem's key business has steadily been expanding. If you perform well then we promote you, said LG Group spokeswoman Kim Min-jeong.
Source: Daily "The Korea Times", Seoul; 28 Nov 2013(Syed Rashid Ali, Karachi, Pakistan)