LG Corporation

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
LG
TypePublic
When it was createdJanuary 5, 1947
People who started itKoo In-Hwoi
HeadquartersSeoul, South Korea
Area servedWorldwide
Key peopleKoo Kwang-mo
(Chairman & CEO)
Yu Sig Kang
(Vice Chairman & Co-CEO) Juno Cho, (EVP, COO, & Director)
Things madeElectronics, chemicals, telecommunications, engineering, information technology, power generation
Websitewww.lgcorp.com or LG.com

LG Corp. is the second largest Korean multi-industry company that produces electronics, chemicals, and telecommunications products and operates subsidiaries like LG Electronics, LG Display, LG Telecom, LG Boring, and LG Chem in over 80 countries.

LG Corp. established as Lak-Hui Chemical Industrial Corp. in 1947.[1] In 1952, Lak-Hui became the first Korean company to enter the plastics industry. While the company expanded its plastic business, it established GoldStar Co.. (currently LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged and formed Lucky Goldstar.

In 1995, to compete better in the Western market, the Lucky-Goldstar Corporation was renamed "LG". The company also associates the letters LG with the company's tagline "Life's Good".

References[change | change source]