LG Group

All you want to know about LG Group

"LG" redirects here. For other uses, see LG (disambiguation).
LG Group
Type Public (KRXS: 003550)
Founded 1947 in Pusan, South Korea
Headquarters Flag of South Korea Seoul, South Korea
Key people Koo Bon-Moo, CEO
Industry Conglomerate
Revenue ▲ $94.8 billion[1] (2007)
Employees 160,000[2] (2006)
Website www.lg.net

LG Group, which stands for Lucky Goldstar, is a large South Korean conglomerate (chaebol), that produces electronics, mobile phones, and petrochemical products and operates subsidiaries like LG Electronics, LG Telecom, Zenith Electronics and LG Chem in over 80 countries. LG Group sponsors the LG Cup Go Tournament.

Created as an appliance company in 1947 named GoldStar (금성, 金星), it later merged with the chemical company Lucky. Many consumer electronics were sold under the brand name GoldStar, while some other household products (not available outside South Korea) were sold under the brand name of Lucky. The Lucky brand was famous for its hygiene products line such as soaps and Hi-Ti laundry detergents, but most associated with its Lucky and Perioe toothpaste.

In 1995, it was renamed "LG," the abbreviation of "Lucky GoldStar". More recently, the company associates its tagline "Life's Good," with the letters LG.

Contents

Companies

GoldStar logo, prominently used before the introduction of the LG logo
GoldStar logo, prominently used before the introduction of the LG logo

Since 2001, LG has two joint ventures with Royal Philips Electronics: LG Philips Display and LG.Philips LCD. LG has made a joint venture with Nortel Networks and has created LG-Nortel Co. Ltd.

LG also has a joint venture with Hitachi which manufactures optical data storage products like DVD-ROM drives, CD writers, etc. LG has owned the LG Twins baseball club since 1989. LG also developed the Chocolate series of mobile phones.

LG acquired American television manufacturing company Zenith in 1999.

Associated companies

Group families

Joint venture

See also

References

  1. ^ LG > LG소개 > LG현황
  2. ^ http://www.lg.co.kr/korean/about/overview/overview.jsp

External links


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LG Group
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Chaebol
Retrieved from "http://en.wikipedia.org/wiki/LG_Group"

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