LG Corporation
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Corporate logo
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| Public | |
| Traded as | KRX: 003550 |
| Industry | Conglomerate |
| Founded | 5 January 1947 |
| Founder | Koo In-hwoi |
| Headquarters | Seoul, South Korea |
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Area served
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Worldwide |
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Key people
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Koo Bon-moo Lee Woo-Rahm (Chairman) Cho Jun-ho (EVP, COO, & Director) |
| Products | Electronics, chemicals, telecommunications, engineering, information technology, power generation |
| Revenue | US$143 billion (2012) |
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Number of employees
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220,000 (2012) |
| Subsidiaries |
LG Electronics LG Display LG Uplus LG Chem LG Life Sciences LG Solar Energy |
| Website |
lgcorp lg |
| Korean name | |
| Hangul | LG법인 |
|---|---|
| Hanja | LG法人 |
| Revised Romanization | LG Beobin |
| McCune–Reischauer | LG Pŏbin |
| (former) | |
| Hangul | 럭키금성 |
| Hanja | 樂喜金星 |
| Revised Romanization | Leogki Geumseong |
| McCune–Reischauer | Lŏkki Kǔmsŏng |
Koo Bon-moo
(Chairman & CEO)
Kang Yu-sig
(Vice Chairman & Co-CEO)
LG Corporation (Korean: 주식회사 LG), formerly Lucky-Goldstar (Korean: Leogki Geumseong (럭키금성/樂喜金星)), is a South Korean multinational conglomerate corporation. It is the fourth-largest chaebol in South Korea. It is headquartered in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo-gu, Seoul. LG makes electronics, chemicals, and telecom products and operates subsidiaries such as LG Electronics, Zenith, LG Display, LG Uplus and LG Chem in over 80 countries.
LG Corp. established as Lak-Hui Chemical Industrial Corp. in 1947. In 1952, Lak-Hui (pronounced "Lucky", currently LG Chem) became the first Korean company to enter the plastics industry. As the company expanded its plastic business, it established GoldStar Co. Ltd. (currently LG Electronics Inc.) In 1958, both companies Lucky and GoldStar merged and formed Lucky Goldstar.
GoldStar produced South Korea's first radio. 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 hygiene products such as soaps and HiTi laundry detergents, but the brand was mostly associated with its Lucky and Perioe toothpaste. Even today, LG continues to manufacture some of these products for the South Korean market, such as laundry detergent.
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