LG Corporation

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Company typePublic
FoundedJanuary 5, 1947
FounderKoo In-Hwoi
HeadquartersSeoul, South Korea
Area served
Key people
Koo Kwang-mo
(Chairman & CEO)
Yu Sig Kang
(Vice Chairman & Co-CEO) Juno Cho, (EVP, COO, & Director)
ProductsElectronics, chemicals, telecommunications, engineering, information technology, power generation
Websitewww.lgcorp.com or LG.com

LG Corp. is the second largest South 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. started as Lak-Hui Chemical Industrial Corp. in 1947.[1] In 1952, Lak-Hui became the first South 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]

  1. "LG History". Archived from the original on 2008-11-19. Retrieved 2015-01-10.