LG Corporation

LG Corporation

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LG Corporation


LG Corporation (or LG Group)
LG Corp Web Site
Headquarters at Yeouido-dong, Yeongdeungpo District in Seoul, South Korea - LG Twin Towers building
LG - Tagline : Life's Good (Life Is Good).
LG Products : Electronics, chemicals, telecommunications, engineering, information technology, power generation
Revenue KRW 156 trillion (2018)
Formerly Lucky-Goldstar (1983–1995) - Type Public Company Traded as KRX: 003550
LG is a Conglomerate of Industries founded in 5 January 1947. LG is a South Korean multinational conglomerate corporation founded by Koo In-hwoi and managed by successive generations of his family
Koo Kwang-mo (Chairman and CEO 2022), Kwon Young-soo (Vice Chairman 2022),
Owners : Koo family (45.9%), National Pension Service (8.03%), Mirae Asset Financial Group (5.5%)
Number of employees : 222,000 (2012)
Subsidiaries : LG Electronics, Zenith, LG Display, LG Uplus, LG Chem, LG Solar Energy, LG Household & Health Care, LG Innotek, LG Energy Solution
LG Korean name : Hangul 주식회사 엘지 - Hanja 株式會社
LG sold almost 60 millions of smartphones in 2015. On the year 2014 sold almost 59 millions of phones.
GoldStar produced radio devices and many consumer electronics were sold under the brand name GoldStar, and other household products were sold under the brand name of Lucky in Korea.
The Lucky brand is famous for hygiene products such as soaps, HiTi laundry detergents, and the Lucky and Perioe toothpaste.
LG in International markets - Worldwide Market Products and Services.
LG Electronics is part of LG Group
In June 2022, the American publication Consumer Reports rated LG home appliances as the most reliable in the U.S. consumer market.
In June 2022, LG made a 60% purchase of the company’s stocks of AppleMango, a electric vehicle charging company with EV charging stations.
LG and Hitachi created joint ventures named Hitachi-LG Data Storage in 2000 and LG Hitachi Water Solutions in 2011.
LG had joint ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD until 2008.
In 2005, LG entered into a joint venture with Nortel Networks, creating LG-Nortel Co. Ltd.
In 2020, LG and Canadian auto supplier Magna International launched a joint venture known as LG Magna e-Powertrain. The company will manufacture components used in electric cars such as electric motors, inverters and onboard chargers.
On October 2012 U.S. Mobile Subscriber Market Share that found LG lost its place as second in the U.S. mobile market share to Apple Inc. Source : comScore report
On 20 January 2013, LG has overtaken Apple to become second largest in U.S. market share.
On June 2013 U.S. Smartphone Subscriber Market Share that found LG fell to fifth place in the U.S mobile market share.
GoldStar is a South Korean electronics company established in 1958. The corporate name was changed to LG Electronics and LG Cable on February 28, 1995, after merging with Lucky Chemical. LG Cable was spun off from LG Electronics and changed its name to LS Cable in 2005.
Zenith Electronics, LLC, is an American research and development company that develops ATSC and digital rights management technologies. It is owned by the South Korean company LG Electronics. Zenith was previously an American brand of consumer electronics, a manufacturer of radio and television receivers and other consumer electronics.
LG History
In July 2018, Koo Kwang-mo, is the new CEO of LG. He is the nephew and adopted son of Koo Bon-moo. Koo Bon-moo adopted his nephew in 2004, after losing his only son in 1994.
On 20 May 2018 Koo Bon-moo died.
In 1995 Koo Bon-moo took the leader of the company (He is the son of Koo Cha-kyung). And renamed the company to LG in that year and associates the letters LG with the tagline "Life's Good".
In 1969 the founder Koo In-hwoi die and his son Koo Cha-kyung took the leadership.
In 1983 both companies Lucky and GoldStar merged to form Lucky-Goldstar.
In 1958, The company expanded its business and established GoldStar Co. Ltd. (now LG Electronics Inc.).
In 1952, became the first South Korean company to enter the plastics industry.
In 1947, LG Corporation was established as Lak Hui Chemical Industrial Corp. by the founder Koo In-hwoi. Lak Hui (락희) (pronounced "Lucky"; now LG Chem).
LG Associated companies : GS Group, LS Group, LIG Group, Heesung Group, SPC Group
LG Corporation is a holding company with worldwide operation through more than 30 companies in the electronics, chemical, and telecom sectors.
Its electronics subsidiaries manufacture and sell products ranging from electronic and digital home appliances to televisions and mobile telephones, from Thin-film-transistor liquid-crystal displays to security devices and semiconductors.
In the chemical industry, subsidiaries manufacture and sell products including cosmetics, industrial textiles, rechargeable batteries and toner products, polycarbonates, medicines, and surface decorative materials.
Its telecom products include long-distance and international phone services, mobile and broadband telecommunications services, as well as consulting and telemarketing services.
LG also operates the Coca-Cola Korea Bottling Company, manages real estate, offers management consulting, and operates professional sports clubs.
LG Corporation Group of Companies - Financial Statements
Fields of activity, Companies, Division revenue (2013 in billions USD)
Holding company LG Corp. $8.8 billion
Electronic industry : LG Electronics ($55.8 billion), LG Display ($25.9 billion), LG Innotek ($5.9 billion)
Chemical industry LG Chem ($22.2 billion), LG Household & Health Care ($4.1 billion), LG Hausys ($2.6 billion), LG MMA
Telecommunication and Services : LG Uplus ($11 billion), LG International Corp. ($11.6 billion), LG CNS, SERVEONE, LG
Electronics industries : LG Electronics, LG Appliances, LG Display, LG Innotek, ZKW Group
Chemical industries: LG Chem, Seetec, LG Lever Korea, Coca-Cola Beverage Company (South Korea)
LG Household & Health Care : Ĭsa Knox, Haitai HTB, The Face Shop, Beyond, CNP, Care Zone, Vonin
Telecommunications : LG U+, CS Leader, CS ONE Partner, LG CNS, V-ENS Biztech & Ektimo, Ucess Partners, Monkey House, Pixdix, G2R, HS Ad, Twenty Twenty
LG TV - Unboxing OLED TV - LG TV Manual
LG Refrigerator - Dual Door in Door Refrigerator
LG home products : microwave oven, LG washer and dryer, LG Side-By-Side Refrigerator
Phones LG 2022
Poll: Are you still holding on to your LG phone? Android Central
What phones do the Android Authority team use as daily drivers? (2022 edition) Android Authority
LG Wing flew under the radar with the new Android 12 update in the US Android Central
Dynamic Island on my Pixel 6! Android to copy best iPhone 14 Pro feature: Samsung users will love it PhoneArena