LG Corporation (or LG Group), formerly known as Lucky-Goldstar, is a South Korean multinational conglomerate founded by

Koo In-hwoi Koo In-hwoi (, 26 August 1906 – 31 December 1969) was a South Korean businessman and the co-founder of LG Group,https://www.forbes.com/profile/koo-family-lg, retrieved 25 January 2025 one of the largest chaebols in South Korea. Life Koo In ...

in 1947 and managed by successive generations of his family. It is the fourth-largest company in South Korea. Its headquarters are in the LG Twin Towers building in

Yeouido-dong Yeoui-dong () is a '' dong'' (neighborhood) of Yeongdeungpo District, Seoul, South Korea. Before 1 July 1980 it was called Yeouido-dong. Attractions * National Assembly of South Korea * Munhwa Broadcasting Corporation (MBC) * Korean Broadcas ...

Yeongdeungpo District Yeongdeungpo District () is one of the List of districts of Seoul, 25 districts of 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 ...

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

. LG makes

electronics Electronics is a scientific and engineering discipline that studies and applies the principles of physics to design, create, and operate devices that manipulate electrons and other Electric charge, electrically charged particles. It is a subfield ...

chemicals A chemical substance is a unique form of matter with constant chemical composition and characteristic properties. Chemical substances may take the form of a single element or chemical compounds. If two or more chemical substances can be combin ...

household appliance A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation. The domestic application attached to ...

s, and

telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

products and operates subsidiaries such as

LG Electronics LG Electronics Inc. () is a South Korean Multinational corporation, multinational major appliance and consumer electronics corporation headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG, LG Corporation, the fourth ...

Zenith The zenith (, ) is the imaginary point on the celestial sphere directly "above" a particular location. "Above" means in the vertical direction (Vertical and horizontal, plumb line) opposite to the gravity direction at that location (nadir). The z ...

LG Display LG Display Co., Ltd. ( 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, S ...

LG Uplus LG Uplus Corp. (; stylized as LG U+, ) is a South Korean mobile network operator owned by LG Corporation. It was formerly known as LG Telecom, but changed to its current name on July 1, 2010. LG Uplus is the second-largest wireless carrier in S ...

LG Innotek LG Innotek Co., Ltd. (), an affiliate of LG Group, is an electronic component manufacturer headquartered in Seoul, South Korea. LG Innotek produces core components of mobile devices, automotive displays, semiconductors, and smart products. M ...

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 9th largest chemical company in the world by sales in 2021. 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 makers in the world alongside CATL, Panasonic, SK Innovation, and Samsung SDI. History LG Chem Energy Solution Busi ...

and LG AI Research in over 80 countries.

History

LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by

. Its first product was "Lucky Cream", the first Korean make-up cream. In 1952, Lak Hui () (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the

plastics industry The plastics industry manufactures polymer materials—commonly called plastics—and offers services in plastics important to a range of industries, including packaging, building and construction, electronics, aerospace, manufacturing and transpo ...

. As the company expanded its plastics business, it established

GoldStar GoldStar was a South Korean electronics company established in 1958. The corporate name was changed to LG Electronics and LG Cable on February 28, 1995, after merging with LG Chem, Lucky Chemical. LG Cable was spun off from LG Electronics and ch ...

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 communicating using radio waves. Radio waves are electromagnetic waves of frequency between 3 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmitter connec ...

. Many

consumer electronics Consumer electronics, also known as home electronics, are electronic devices intended for everyday household use. Consumer electronics include those used for entertainment, Communication, communications, and recreation. Historically, these prod ...

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 that is used with a toothbrush to clean and maintain the aesthetics of Human tooth, teeth. Toothpaste is used to promote oral hygiene: it is an abrasive that aids in removing dental plaque and food from th ...

. LG continues to manufacture some of these products for the South Korean market. Koo In-hwoi led the corporation until his death in 1969, at which time, his son Koo Cha-kyung took over. He then passed the leadership to his son, Koo Bon-moo, in 1995. Koo Bon-moo renamed the company to LG in that year. The company then trademarked the letters LG with the company's tagline "Life's Good". Since 2009, LG has owned the

domain name In the Internet, a domain name is a string that identifies a realm of administrative autonomy, authority, or control. Domain names are often used to identify services provided through the Internet, such as websites, email services, and more. ...

LG.com. LG replaced its old logo with a new one on 30 December 2014, changing the wordmark font from

Helvetica Helvetica, also known by its original name Neue Haas Grotesk, is a widely-used sans-serif typeface developed in 1957 by Swiss typeface designer Max Miedinger and Eduard Hoffmann. Helvetica is a neo-grotesque design, one influenced by the f ...

to LG Smart, the new custom corporate typeface of the company since 2013. Koo Bon-moo died of a

brain tumor A brain tumor (sometimes referred to as brain cancer) occurs when a group of cells within the Human brain, brain turn cancerous and grow out of control, creating a mass. There are two main types of tumors: malignant (cancerous) tumors and benign ...

on 20 May 2018. In July 2018, it was announced that

Koo Kwang-mo Koo Kwang-mo (; born January 23, 1978) is a South Korean businessman. The chairman of LG, he is among the richest people in South Korea. , Forbes estimated his net wealth to be US$1.5 billion and ranked him 19th richest in South Korea. Biogr ...

, 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".

LG jingle

The G-E-F-D-E-C-C'

jingle A jingle is a short song or tune used in advertising and for other commercial uses. Jingles are a form of sound branding. A jingle contains one or more hooks and meanings that explicitly promote the product or service being advertised, usually ...

was produced by Musikvergnuegen and written by Walter Werzowa (who had previously composed the Intel bong) in 2008. The jingle has been featured in LG commercials and devices and is recognised worldwide. It is derived from the English traditional tune " The Lincolnshire Poacher."

Logo history

Logo of the LG Corporation (1995-2008).svg, 4 January 1995 – 29 December 2014 LG Logo 2008 High Res.png, 2008–29 December 2014 LG logo (2014).svg, 30 December 2014–present LG logo (2023).svg, May 2023–present (secondary)

Corporate governance

As of September 2023

Business

LG Corporation is a

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

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 type of 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 contrast ...

s to security devices and

semiconductor A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities (" doping") to its crystal structure. When two regions with different doping level ...

s. In the chemical industry,

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

manufacture and sell products including cosmetics, industrial textiles, rechargeable batteries and toner products,

polycarbonate Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate ester, carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, toughness, tough materials, and some grades are optically transp ...

s, 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 cola soft drink manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries and territories worldwide, with consumers drinking more than 1.8 billion company beverage servings ...

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 consultant ...

, and operates professional sports clubs. LG AI Research was launched in December 2021. In 2021, the company announced its first version of EXAONE. In 2023, the company stated that the language model reduced costs by 78% by making inference faster and using memory more efficiently and multimodal model used more memory to improve content quality while significantly increasing inference speed, leading to a 66% cost reduction.

Subsidiaries

LG Household & Health Care LG H&H Co., Ltd., formerly LG Household & Health Care, is a major South Korean consumer goods company that manages cosmetics, household goods, and beverages business. It is also the South Korean bottler of the Coca-Cola system. Summary Hist ...

* LG AI Research * LG U+ * LG CNS * G2R * HS Ad

Associated companies

* GS Group * LS Group *

LIG Group LIG Nex1 Co., Ltd. (), formerly known as LG Innotek () is a South Korean aerospace manufacturer and arms manufacturer. It was established in 1976 as GoldStar, Goldstar Precision. LIG Nex1 was previously owned by LIG Holdings Company, which in tur ...

* LX Group

Sports sponsorship

LG owns the South Korean professional baseball team

LG Twins The LG Twins () are a South Korean professional baseball team based in Seoul, South Korea. They are a member of the KBO League. The Twins play their home games at Jamsil Baseball Stadium, which they share with their rivals, the Doosan Bears. ...

, and is the main sponsor of basketball team

Changwon LG Sakers Changwon LG Sakers are a professional basketball team located in the city of Changwon in South Gyeongsang Province, South Korea. They play in the Korean Basketball League (KBL), and their home arena is Changwon Gymnasium which has a capacity for ...

. LG is also a partner of the American professional

baseball Baseball is a bat-and-ball games, bat-and-ball sport played between two team sport, teams of nine players each, taking turns batting (baseball), batting and Fielding (baseball), fielding. The game occurs over the course of several Pitch ...

team Texas Rangers. LG also sponsored football clubs

Girondins de Bordeaux Football Club des Girondins de Bordeaux (), commonly referred to as Girondins de Bordeaux () or simply Bordeaux, is a French football club based in the city of Bordeaux in Gironde, Nouvelle-Aquitaine. It competes in the Championnat National 2 ...

from 1999 to 2000, Leicester City F.C. from 2001 to 2003,

Olympique Lyonnais Olympique Lyonnais (), commonly referred to as simply Lyon () or OL, is a French professional association football, football club based in Lyon, Auvergne-Rhône-Alpes, France. With origins dating back to 1899, they were founded in 1950 and p ...

from 2004 to 2006,

AEK Athens A.E.K. (; Athlitikí Énosis Konstantinoupόleos, ''Athletic Union of Constantinople'') is a major Greek multi-sport club based in Nea Filadelfeia, Attica. The club is more commonly known in European competitions as A.E.K. Athens. Establishe ...

from 2006 to 2009,

Fulham F.C. Fulham Football Club is a professional association football, football club based in Fulham, West London, England. The club competes in the , the top tier of English football league system, English football. They have played home games at Craven ...

from 2007 to 2010 and

Bayer 04 Leverkusen Bayer 04 Leverkusen, officially known as Bayer 04 Leverkusen Fußball GmbH () and commonly known as Bayer Leverkusen or simply Leverkusen, is a German professional association football, football club based in Leverkusen, North Rhine-Westphalia. ...

from 2013 to 2016.

Notes

References

External links

* {{Authority control 1947 establishments in Korea Chaebol Companies based in Seoul Companies listed on the Korea Exchange Companies in the KOSPI 200 Computer hardware companies Computer systems companies 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