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LG Group

Type	Public (KRX: 003550)
Founded	1947 in Busan, South Korea
Headquarters	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

The LG Group is South Korea's third largest chaebol and is a multinational conglomerate 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.

LG Group founder Koo In Hwoi established Lak Hui Chemical Industrial Corp. in 1947.^[3] In 1952, Lak Hui (currently LG Chem) became the first Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co., Ltd., (currently LG Electronics Inc.) in 1958.

In 1959, Goldstar produced 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 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.

[edit] Companies

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 entered into a joint venture with Nortel Networks and has created LG-Nortel Co. Ltd.

LG also has a joint venture with Hitachi, Hitachi-LG Data Storage, which manufactures optical data storage products like DVD-ROM drives, CD writers, etc. LG has owned the LG Twins baseball club since 1989. LG acquired American television manufacturing company Zenith in 1999.

[edit] Associated companies

• GS Group
• LS Group
• LIG Group

[edit] Group families

• LG Chemical (LG Chem)
• LG CNS
• LG Corporation
• LG CS Leader
• LG Dacom Crossing
• LG Dacom MI
• LG Dacom
• LG Display
• LG Dow Chemical
• LG Economy Institute
• LG Electronics
• LG Hi-Logistics
• LG Hi-Plaza
• LG Innotek
• LG International
• LG Life Sciences
• LG Micron
• LG MMA
• LG N-Sys
• LG Petro Chemical
• LG Powercom
• LG Serveone
• LG Solar Energy
• LG Soft India^[4]
• LG Telecom
• LG Twins
• LG V-ENS
• Serveone
• Siltron
• Zenith Electronics
• [LG Viewety]

[edit] Joint ventures

• Hitachi-LG Data Storage
• LG-Nortel Co. Ltd.
• LG Philips Display
• LG.Philips LCD

[edit] References

[edit] External links

• LG Soft India
• LG Official Korean website
• LG Official English website
• LG Official Canadian Website
• LG companies
• Yahoo! - LG Group company profile
• RazorTV checks out LG's latest eco-friendly products in Paris.