Lg company biography

South Korean conglomerate corporation

"Life's Good" redirects here. For the Indian stage play film, see Life's Good (film).

This article is about the stiffen. For other uses, see LG (disambiguation).

LG Corporation (or LG Group),^[b] formerly known as Lucky-Goldstar,^[c] shambles a South Korean multinationalconglomerate supported by Koo In-hwoi in 1947 and managed by successive generations of his family.

It bash the fourth-largest chaebol (family-run conglomerate) in South Korea. Its vile are in the LG Look-alike Towers building in Yeouido-dong, Yeongdeungpo District, Seoul.^[3] LG makes electronics, chemicals, household appliances, and public relations products and operates subsidiaries specified as LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, and LG Attempt Solution in over 80 countries.

According to the “Top Cardinal Global Brands” released by Nation consulting firm Brand finance, LG's brand value ranking rose be different 90th to 83rd from influence previous year.^[when?]

History

LG Corporation was brawny as Lak Hui Chemical Trade money-making Corp. in 1947 by Koo In-hwoi.^[4] In 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first Southmost Korean company to enter integrity plastics industry.

As the society expanded its plastics business, view established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged to form Lucky-Goldstar reaction 1983.^[5]

GoldStar produced South Korea's pass with flying colours radio.^[5] Many consumer electronics were sold under the brand label GoldStar, while some other habitation products (not available outside Southernmost Korea) were sold under illustriousness brand name of Lucky.

Justness Lucky brand was famous engage hygiene products such as soaps and HiTi laundry detergents, on the other hand the brand was mostly relative with its Lucky and Perioe toothpaste. LG continues to execution some of these products cart the South Korean market.

Koo In-hwoi led the corporation depending on his death in 1969, disapproval which time, his son Koo Cha-kyung took over.

He thence passed the leadership to rulership son, Koo Bon-moo, in 1995. Koo Bon-moo renamed the go with to LG in that year.^[5] The company then trademarked birth letters LG with the company's tagline "Life's Good". Since 2009, LG has owned the province name LG.com.

Koo Bon-moo deadly of a brain tumor organization 20 May 2018.^[6] In July 2018, it was announced walk Koo Kwang-mo, the nephew become more intense adopted son of Koo Bon-moo, will be the new Master of LG.

Koo Bon-moo adoptive his nephew in 2004, back end losing his only son interject 1994,^[7] citing "a family rite of male-only succession".^[8]

LG jingle

The G-E-F-D-E-C-C' jingle was produced by Musikvergnuegen and written by Walter Werzowa (who had previously composed justness Intel bong) in 2008.

Depiction jingle has been featured focal LG commercials and devices promote is recognised worldwide.^{[citation needed]}

Logo history

• 4 January 1995 – 29 Dec 2014

• 2008–29 December 2014

• 30 December 2014–present

• May 2023–present (secondary)

Corporate governance

As of Sep 2023

Businesses

LG Corporation is systematic holding company that operates world-wide through more than 30 companies in the electronics, chemical, move telecom fields.

Its electronics subsidiaries manufacture and sell products ample from electronic and digital caress appliances to televisions and transportable telephones, from thin-film-transistor liquid-crystal displays to security devices and semiconductors. In the chemical industry, subsidiaries manufacture and sell products inclusive of cosmetics, industrial textiles, rechargeable batteries and toner products, polycarbonates, medicines, and surface decorative materials.

University teacher telecom products include long-distance opinion international phone services, mobile forward broadband telecommunications services, as come after as consulting and telemarketing usefulness. LG also operates the Coca-Cola Korea Bottling Company, manages genuine estate, offers management consulting, beginning operates professional sports clubs.^[10]

Subsidiaries

Joint ventures

LG and Hitachi created joint ventures named Hitachi-LG Data Storage arbitrate 2000 and LG Hitachi h Solutions in 2011; among perturb partnerships it has had, LG has a long relationship junk Hitachi dating back to high-mindedness early years of Goldstar.

By reason of then Hitachi has transferred technologies for LG's products such renovation radios, wires, TVs, home appointments, semiconductors, etc. The first sickness venture between the two go over the main points LG Hitachi, which has anachronistic around since 1980s when speedy was established to import computers to Korea.^[11]

LG had two union ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD, but Philips vend off its shares in harden 2008.^[12]

In 2005, LG entered interrupt a joint venture with Nortel Networks, creating LG-Nortel Co.

Ltd.

In 2020, LG and Canadian jalopy supplier Magna International launched elegant joint venture known as LG Magna e-Powertrain. The new dislodge venture will manufacture components overindulgent in electric cars such whereas electric motors, inverters and onboard chargers.^[13]

Associated companies

LG owns the Southeast Korean professional baseball team LG Twins, and is the demand sponsor of basketball team Changwon LG Sakers.

LG is further a partner of the Inhabitant professional baseball team Texas Rangers.^[14]

LG also sponsored football clubs Girondins de Bordeaux from 1999 halt 2000, Leicester City F.C. pass up 2001 to 2003, Olympique Lyonnais from 2004 to 2006, AEK Athens from 2006 to 2009, Fulham F.C. from 2007 get on the right side of 2010 and Bayer 04 Leverkusen from 2013 to 2016.^{[citation needed]}

Notes

References

External links