Is your monitor 1080p or 1440p? There are many different LG UG 27" 144Hz monitors.
I would agree with the people who replied earlier - the first would be the GPU.
Now, based on your needs, you might need to upgrade the PSU too.
Meaning, if you're on 1440p and need a mid-range card like the Radeon RX 6800XT, then you also should invest in a good stronger PSU.
But, if you're on 1080p, then you don't need a 6800XT or stronger GPU but a 6750XT or such, then your PSU is still fine (although not a great unit).
The next upgrade would be the CPU to a Ryzen 7 5700X or 5800X3D.
And some additional storage like an m.2 gen4 drive for the OS.
Why would you replace your motherboard first? Is it broken?