From Simple English Wikipedia, the free encyclopedia
LG
 |
| Company type
| Public
|
|---|
| Founded
| January 5, 1947
|
|---|
| Founder
| Koo In-Hwoi
|
|---|
| Headquarters
| Seoul
,
South Korea
|
|---|
Area served
| Worldwide
|
|---|
Key people
| Koo Kwang-mo
(
Chairman
&
CEO
)
Yu Sig Kang
(Vice Chairman & Co-CEO) Juno Cho, (EVP, COO, & Director)
|
|---|
| Products
| Electronics
,
chemicals
,
telecommunications
, engineering, information technology,
power generation
|
|---|
| Website
| www
.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".
