LG Corporation, formerly Lucky Goldstar, is a South Korean multinational conglomerate corporation. It is the fourth-largest chaebol in South Korea. It is headquartered in Yeouido-dong, Yeongdeungpo-gu, Seoul. The company makes electronics, chemicals, and telecom products.
LG Electronics’ products include televisions, home theater systems, refrigerators, washing machines, computer monitors and smartphones. The electronics division plays a large role in the global consumer electronics industry. They launched their Chocolate mobile phone in 2005 and is the second-largest LCD TV manufacturer worldwide as of 2013.
History of LG
LG Corp. established as Lak-Hui Chemical Industrial Corp. in 1947. In 1952, Lak-Hui became the first Korean company to enter the plastics industry. As the company expanded its plastic business, it established GoldStar Co. Ltd., the current electronics company, in 1958. Both companies Lucky and GoldStar merged and formed Lucky Goldstar.
GoldStar produced South 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 hygiene products such as soaps and HiTi laundry detergents, but the brand was mostly associated with its Lucky and Perioe toothpaste. Even today, LG continues to manufacture some of these products for the South Korean market.
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