LG Household & Health Care
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| Public | |
| Traded as | KRX: |
| Industry | Consumer goods |
| Founded | 1947 |
| Founder |
Koo In-Hwoi
|
| Headquarters | Seoul, South Korea |
|
Area served
|
Worldwide |
|
Key people
|
Suk Y. Cha(Vice Chairman and CEO) |
| Products | Cosmetics, Household Goods, Beverages |
| Revenue | KRW 4,677 billion (2014) |
| KRW 511 billion (2014) | |
| KRW 355 billion (2014) | |
| Total assets | KRW 3,828 billion (2014) |
| Total equity | KRW 1,709 billion (2014) |
|
Number of employees
|
9,566 (2014) |
| Parent | LG Corp |
| Website | lgcare |
LG Household & Health Care is a major South Korean consumer goods company that manages cosmetics, household goods, and beverages business.
Founded in 1947, Koo In-Hwoi (Founder of LG Corp) established Lucky Chemical Industrial Corp, and launched its very successful ‘Lucky Cream’, the very first cosmetics product in Korea. In 1954, the company also launched Korea’s first toothpaste brand, ‘Lucky Toothpaste’. In February 1995, the company changed its name to LG Chemical Ltd. In April 2001, LG Household & Health Care spun off from LG Chemical, and was listed on the Korean Stock Exchange. Since current CEO & Vice Chairman, Suk Y. Cha joined the company in 2005, the business made a successful turnaround, and the company’s growth was further driven by strategic M&As. Currently, LG Household & Health Care is expanding its cosmetics and personal care business into global market.
When LG Household & Health Care was established, there were only two business divisions of cosmetics and household goods. From the acquisition of Coca-Cola Beverage(former Coca-Cola Korea Bottling Co., Ltd) in 2007, the company completed its current business structure of cosmetics, household goods, and beverages. Currently, LG Household & Health Care is an exclusive manufacturer and distributor of Coca-Cola brand products in Korea. In 2009, the company acquired Diamond Water Co., Ltd to strengthen its drinking water business, and in 2011, the company acquired Haitai Beverage Co., Ltd, the third largest beverages company in Korea at the time.
Since 2005, cosmetics business made a successful turnaround through new high-end brand launches including ‘The History of Whoo’, ‘SU:M37’, and ‘belif’. In 2010, the company acquired low-end cosmetics brandshop, ‘TheFaceShop’, and a complete cosmetics product portfolio consisting of high-end, mid-end, to low-end was achieved. In 2012, LG Household & Health Care acquired cosmetics brand, ‘Violet Dream’ (former VOV) to strengthen its color cosmetics business. In 2014, the company acquired local cosmeceutical firm, CNP Cosmetics Co., Ltd, in order to expand into newly growing cosmeceutical category.
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Wikipedia