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LG Corporation (or LG Group) (), formerly Lucky-Goldstar from 1983 to 1995 (Korean: ''Leokki Geumseong''; ), is a South Korean
multinational conglomerate founded by
Koo In-hwoi and managed by successive generations of his family. It is the fourth-largest
chaebol in South Korea. Its headquarters are in the LG Twin Towers building in
Yeouido-dong
Yeoui-dong is a '' dong'' ( neighborhood) of Yeongdeungpo-gu in Seoul, South Korea.
Before 1 July 1980 it was called Yeouido-dong.
Attractions
* National Assembly of South Korea
* Munhwa Broadcasting Corporation (MBC)
* Korean Broadcasting Syst ...
,
Yeongdeungpo District
Yeongdeungpo District () is an administrative district in southwest Seoul, South Korea. Although the origin of the name is uncertain, the first two syllables are thought to be from "''yeongdeung''" (靈登) or "divine ascent", a shamanic rite. T ...
,
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of ...
. LG makes
electronics
The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification ...
,
chemicals
A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., wit ...
, and
telecommunications
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
products and operates subsidiaries such as
LG Electronics
LG Electronics Inc. () is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Corporation, the fourth largest '' chaebol'' in South Korea, and often considered a ...
,
Zenith
The zenith (, ) is an imaginary point directly "above" a particular location, on the celestial sphere. "Above" means in the vertical direction ( plumb line) opposite to the gravity direction at that location ( nadir). The zenith is the "high ...
,
LG Display
LG Display ( Korean: LG 디스플레이) is one of the world's largest manufacturers and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. LG Display is headquartered in Seoul, South Korea ...
,
LG Uplus
, native_name_lang = ko
, romanized_name =
, former type =
, type = Public
, traded_as =
, industry = Telecommunications
, genre =
, fate =
, predecessor = LG Telecom
, successor =
, foundation =
, founder =
, defunct =
, lo ...
, LG Innotek,
LG Chem
LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. It was the 10th largest chemical company in the world by sales in 2017. It was first established ...
, and
LG Energy Solution
LG Energy Solution, Ltd. (LGES; ) is a battery company headquartered in Seoul, South Korea. LGES is one of the largest battery maker alongside CATL, Panasonic, SK Innovation, and Samsung SDI.
History LG Chem Energy Solution Business Division (1 ...
in over 80 countries.
History
LG Corporation was established as
Lak Hui Chemical Industrial Corp. in 1947 by
Koo In-hwoi. In 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the
plastics industry. As the company expanded its plastics business, it established
GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged to form Lucky-Goldstar in 1983.
GoldStar produced South Korea's first
radio
Radio is the technology of signaling and communicating using radio waves. Radio waves are electromagnetic waves of frequency between 30 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmi ...
.
[ Many ]consumer electronics
Consumer electronics or home electronics are electronic ( analog or digital) equipment intended for everyday use, typically in private homes. Consumer electronics include devices used for entertainment, communications and recreation. Usuall ...
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
Toothpaste is a paste or gel dentifrice used with a toothbrush to clean and maintain the aesthetics and health of teeth. Toothpaste is used to promote oral hygiene: it is an abrasive that aids in removing dental plaque and food from the teeth, ...
. LG continues to manufacture some of these products for the South Korean market, such as laundry detergent.
Koo In-hwoi led the corporation until his death in 1969, at which time, his son Koo Cha-kyung
Koo Cha-kyung () (24 April 1925 – 14 December 2019) was a South Korean business executive. He was the chairman of LG Group from 1970 until his retirement in 1995. He took the company public in 1970 and was chairman during the company's growth ...
took over. He then passed the leadership to his son, Koo Bon-moo
Koo Bon-moo ( ko, 구본무; 10 February 1945 – 20 May 2018) was a South Korean business executive, who gained worldwide fame as the renamer and business executive of the LG Group.
Early life
Born on 10 February 1945 in Jinju, South Gyeongsa ...
, in 1995. Koo Bon-moo renamed the company to LG in that year.[ The company also associates the letters LG with the company's tagline "Life's Good". Since 2009, LG has owned the ]domain name
A domain name is a string that identifies a realm of administrative autonomy, authority or control within the Internet. Domain names are often used to identify services provided through the Internet, such as websites, email services and more. As ...
LG.com.
Koo Bon-moo died of a brain tumor
A brain tumor occurs when abnormal cells form within the brain. There are two main types of tumors: malignant tumors and benign (non-cancerous) tumors. These can be further classified as primary tumors, which start within the brain, and seconda ...
on 20 May 2018. In July 2018, it was announced that Koo Kwang-mo, the nephew and adopted son of Koo Bon-moo, will be the new CEO of LG. Koo Bon-moo adopted his nephew in 2004, after losing his only son in 1994, citing "a family tradition of male-only succession".
Joint ventures
LG and Hitachi created joint ventures named Hitachi-LG Data Storage
Hitachi-LG Data Storage (HLDS, HL-DT-ST or H-L Data Storage), a joint venture between Hitachi and LG, is a manufacturer of DVD and Blu-ray
The Blu-ray Disc (BD), often known simply as Blu-ray, is a digital optical disc data storage form ...
in 2000 and LG Hitachi Water Solutions in 2011; among other partnerships it has had, LG has a long relationship with Hitachi dating back to the early years of Goldstar. Since then Hitachi has transferred technologies for LG's products such as radios, wires, TVs, home appliances, semiconductors, etc. The first JV between the two is LG Hitachi, which has been around since 1980s when it was established to import computers to Korea.
LG had two joint ventures with Royal Philips Electronics
Koninklijke Philips N.V. (), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters is ...
: LG Philips Display and LG Philips LCD, but Philips sold off its shares in late 2008.
In 2005, LG entered into a joint venture with Nortel Networks
Nortel Networks Corporation (Nortel), formerly Northern Telecom Limited, was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa, Ontario, Canada. It was founded in Montreal, Queb ...
, creating LG-Nortel Co. Ltd.
In 2020, LG and Canadian auto supplier Magna International
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 ''Forbes'' Global 2000. The company is the largest automobile parts manufacturer in North Americ ...
launched a joint venture known as LG Magna e-Powertrain. The new joint venture will manufacture components used in electric cars
An electric car, battery electric car, or all-electric car is an automobile that is propelled by one or more electric motors, using only energy stored in batteries. Compared to internal combustion engine (ICE) vehicles, electric cars are quiet ...
such as electric motors, inverters and onboard chargers.
International markets
On 30 November 2012, comScore released a report of the October 2012 U.S. Mobile Subscriber Market Share that found LG lost its place as second in the U.S. mobile market share to Apple Inc.
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue (totaling in 2021) and, as of June 2022, is the world's biggest company ...
On 20 January 2013, LG has overtaken Apple to become second largest in U.S. market share.
On 7 August 2013, comScore released a report of the June 2013 U.S. Smartphone Subscriber Market Share that found LG fell to fifth place in the U.S mobile market share.
Associated companies
* GS Group
GS Group is a South Korean conglomerate. GS comprises GS Holdings, subsidiaries & affiliates including GS Caltex, GS Retail, GS Shop, GS EPS, GS Global, GS Sports and GS E&C among others. The asset size is 65.4 trillion KRW at the end of 2019 ...
* LS Group
LS Group is a South Korean ''chaebol'' (conglomerate) mostly in electrics, electricity, materials and energy sectors. It is composed of LS Corp. (''see below''), E1 (LPG), and YESCO (LNG). "LS Corp." is a holding company, which comprises LS Ca ...
* LIG Group
* Heesung Group
* SPC Group
SPC Group is a South Korean food company based in Seoul that manufactures food, bread and confectionery products. Sangmidang, the precursor of Samlip General Food was founded in 1945, and the group was launched in 2004. SPC Group is one of the ...
Structure and financial position
LG Corporation is a holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
that operates worldwide through more than 30 companies in the electronics, chemical, and telecom fields. Its electronics subsidiaries manufacture and sell products ranging from electronic and digital home appliances to televisions and mobile telephones, from Thin-film-transistor liquid-crystal display
A thin-film-transistor liquid-crystal display (TFT LCD) is a variant of a liquid-crystal display that uses thin-film-transistor technology to improve image qualities such as addressability and contrast. A TFT LCD is an active matrix LCD, in con ...
s to security devices and semiconductor
A semiconductor is a material which has an electrical conductivity value falling between that of a conductor, such as copper, and an insulator, such as glass. Its resistivity falls as its temperature rises; metals behave in the opposite way. ...
s. In the chemical industry, subsidiaries manufacture and sell products including cosmetics, industrial textiles, rechargeable batteries and toner products, polycarbonates, medicines, and surface decorative materials. Its telecom products include long-distance and international phone services, mobile and broadband telecommunications services, as well as consulting and telemarketing services. LG also operates the Coca-Cola
Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atlant ...
Korea Bottling Company, manages real estate, offers management consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultan ...
, and operates professional sports clubs.
Group families
Electronics industries
* LG Electronics
LG Electronics Inc. () is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Corporation, the fourth largest '' chaebol'' in South Korea, and often considered a ...
* LG Appliances
LG Corporation (or LG Group) (), formerly Lucky-Goldstar from 1983 to 1995 (Korean: ''Leokki Geumseong''; ), is a South Korean multinational conglomerate founded by Koo In-hwoi and managed by successive generations of his family. It is t ...
* LG Display
LG Display ( Korean: LG 디스플레이) is one of the world's largest manufacturers and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. LG Display is headquartered in Seoul, South Korea ...
* LG Innotek
* ZKW Group
Chemical industries
* LG Chem
LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. It was the 10th largest chemical company in the world by sales in 2017. It was first established ...
* LG Energy Solution
LG Energy Solution, Ltd. (LGES; ) is a battery company headquartered in Seoul, South Korea. LGES is one of the largest battery maker alongside CATL, Panasonic, SK Innovation, and Samsung SDI.
History LG Chem Energy Solution Business Division (1 ...
* SEETEC
* LG Household & Health Care
** Ĭsa Knox
Isa Knox is a South Korean cosmetics company. It is owned by LG Household & Healthcare Ltd. Celebrity endorsements include Hyori Lee and Jessica Alba
Jessica Marie Alba ( ; born April 28, 1981) is an American actress and businesswoman. She beg ...
** Haitai HTB
** The Face Shop
The Face Shop () (stylized as THE FACE SHOP) is a South Korea-based skincare and cosmetics manufacturer, retailer and a franchise business. It is a subsidiary of LG Household & Health Care of LG Corporation. Its products includes body, bath, sk ...
** Beyond
** CNP
** CARE ZONE
** VONIN
* Coca-Cola
Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atlant ...
Beverage Company (South Korea)
* LG Lever Korea
Telecommunications
* LG U+
* CS Leader
* CS ONE Partner
* LG CNS
LG CNS Co., Ltd. (Korean: 주식회사 엘지씨엔에스) is a subsidiary of LG Corporation founded in 1987 that provides information technology services including consulting, System Integration, Network Integration, Business Process Outsourcing ...
* V-ENS
* BIZTECH & EKTIMO
* Ucess Partners
* Monkey House
* Pixdix
* G2R
GIIR was established in 2004 and is Korea’s first advertising group holding company engaged in investment and management consulting for its subsidiaries, which specialize in advertising and media communications, including advertising, media, and ...
* HS Ad
HS Ad is an advertising agency that was established in 1984 as an affiliate of LG Group
LG Corporation (or LG Group) (), formerly Lucky-Goldstar from 1983 to 1995 (Korean: ''Leokki Geumseong''; ), is a South Korean multinational cong ...
* Twenty Twenty
; Source
Sports sponsorship
LG owns the South Korean professional baseball team LG Twins
LG Corporation (or LG Group) (), formerly Lucky-Goldstar from 1983 to 1995 (Korean: ''Leokki Geumseong''; ), is a South Korean multinational conglomerate founded by Koo In-hwoi and managed by successive generations of his family. It is t ...
, and is the main sponsor of basketball team Changwon LG Sakers
Changwon LG Sakers are a basketball team located in the city of Changwon in South Gyeongsang Province, South Korea. They play in the Korean Basketball League, and their home arena is Changwon Gymnasium which has a capacity for approximately 6,000 ...
. LG is also a partner of the American professional baseball team Texas Rangers.
Brand ambassadors
* David Warner David or Dave Warner may refer to:
Sports
* Dave Warner (strongman) (born 1969), Northern Ireland strongman competitor
* David Bruce Warner (born 1970), South African alpine skier
* David Warner (cricketer) (born 1986), Australian cricketer
Oth ...
(2014)
References
{{Commons category, LG Group
1947 establishments in Korea
Chaebol
Companies based in Seoul
Companies listed on the Korea Exchange
Conglomerate companies established in 1947
Conglomerate companies of South Korea
Electronics companies established in 1947
Electronics companies of South Korea
Holding companies established in 1947
Holding companies of South Korea
Multinational companies headquartered in South Korea
Telecommunications companies of South Korea
Pump manufacturers
Electric motor manufacturers
Mobile phone manufacturers