LG Electronic
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| Public | |
| Traded as | : |
| Industry | Consumer electronics Home appliances |
| Founded | October 1958 (as GoldStar) January 1995 (as LG Electronics) (Reincorporated in 2002) |
| Founder | Koo In-hwoi (The original GoldStar) |
| Headquarters | Yeouido-dong, Seoul, South Korea |
|
Area served
|
Worldwide |
|
Key people
|
Koo Bon-moo Lee Woo-Rahm (Chairman) Cho Jun-ho (EVP, COO, & Director) |
| Products | See products listing |
| Revenue |
 ₩56.50 trillion (2015) |
|
₩124.4 billion (2015) |
|
| Total assets |
₩36.31 trillion (2015) |
| Total equity |
₩11.62 trillion (2015) |
|
Number of employees
|
82,000 (2015) |
| Parent | LG Corporation |
| Website | www |
Koo Bon-moo
(Chairman & CEO)
Kang Yu-sig
(Vice Chairman & Co-CEO)
LG Electronics Inc. (Korean: LG전자) is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea, and is part of the LG Group, employing 82,000 people working in 119 local subsidiaries worldwide. With 2014 global sales of USD 55.91 billion (KRW 59.04 trillion), LG comprises four business units: Home Entertainment, Mobile Communications, Home Appliance & Air Solution, and Vehicle Components, with Starion India as its main production vendor for refrigeration and washing machines in the Indian sub-continent. The CEO of LG Electronics is Bon-joon Koo, who assumed the role of vice chairman of LG Electronics on 1 October 2010. In 2011, LG Electronics was the world's second-largest television manufacturer.
In 1958, LG Electronics was founded as GoldStar (Hangul:금성). It was established in the aftermath of the Korean War to provide the rebuilding nation with domestically-produced consumer electronics and home appliances. LG Electronics produced South Korea's first radios, TVs, refrigerators, washing machines, and air conditioners. Gold Star was one of the LG groups with a brethren company, Lak-Hui (pronounced "Lucky") Chemical Industrial Corp. which is now LG Chem and LG Households. GoldStar merged with Lucky Chemical and LG Cable on February 28, 1995, changing the corporate name to Lucky-Goldstar, and then finally to LG Electronics.
In 1978, LG Electronics earned US$100 million in revenue from exports for the first time in its history. Rapid growth by globalization saw the company establish its first overseas production, based in the United States, in 1982. In 1994, GoldStar officially adopted the LG Electronics brand and a new corporate logo. LG Electronics acquired the US-based TV manufacturer Zenith. In 1995, LG Electronics made the world's first CDMA digital mobile handsets and supplied Ameritech and GTE in the US. The company was also awarded UL certification in the US. In 1998, LG developed the world's first 60-inch plasma TV, and in 1999 established a joint venture with Philips – LG Phillips LCD – which now goes by the name LG Display.
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Wikipedia