11/14/2020 LG Corporation - Wikipedia
LG Corporation
LG Corporation (Korean: 주식회사 LG), formerly Lucky-
Goldstar from 1983 to 1995 (Korean: Leogki Geumseong; LG Group (Corporation)
Korean: 럭키금성; Hanja: 樂 喜 金 星 ), is a South Korean 주식회사 LG
multinational conglomerate corporation. It is the fourth-largest
chaebol in South Korea. Its headquarters are in the LG Twin
Towers building in Yeouido-dong, Yeongdeungpo District,
Seoul.[2] LG makes electronics, chemicals, and
telecommunications products and operates subsidiaries such as
LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek and
LG Chem in over 80 countries.
Contents
History
Joint ventures
International markets Headquarters at Yeouido-dong,
Logo Yeongdeungpo District in Seoul,
Associated companies South Korea
Formerly Lucky-Goldstar
Structure and financial position
(1983–1995)
Group families[22]
Electronics industries Type Public
Chemical industries Traded as KRX: 003550 (http
Telecommunications s://finance.naver.co
m/item/main.nhn?co
Sports sponsorship de=003550)
Brand ambassadors Industry Conglomerate
References Founded 5 January 1947
External links Founder Koo In-hwoi
Headquarters Seoul, South Korea
History Area served Worldwide
Key people Koo Kwang-mo
LG Corporation was established as Lak Hui Chemical Industrial (Chairman and CEO)
Corp. in 1947.[3] In 1952, Lak Hui (pronounced "Lucky", Kwon Young-soo
currently LG Chem) became the first South Korean company to (Vice Chairman)
enter the plastics industry. As the company expanded its plastics Products Electronics,
business, it established GoldStar Co. Ltd. (currently LG chemicals,
Electronics Inc.) in 1958. Both companies Lucky and GoldStar telecommunications,
merged and formed Lucky-Goldstar in 1983.[4] engineering,
information
GoldStar produced South Korea's first radio.[4] Many consumer technology, power
electronics were sold under the brand name GoldStar, while generation
some other household products (not available outside South
Revenue US$147.2 billion
Korea) were sold under the brand name of Lucky. The Lucky
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brand was famous for hygiene products such as soaps and HiTi (2018)
laundry detergents, but the brand was mostly associated with its Number of 222,000 (2012)[1]
Lucky and Perioe toothpaste. LG continues to manufacture some employees
of these products for the South Korean market, such as laundry LG Electronics
Subsidiaries
detergent. LG Display
LG Uplus
Koo Bon-moo renamed the company to LG in 1995.[4] The
LG Chem
company also associates the letters LG with the company's
LG Solar Energy
tagline "Life's Good". Since 2009, LG has owned the domain
LG Household &
name LG.com.
Health Care
In July 2018, it was announced that Koo Kwang-mo, the only Website lgcorp.com (http://lg
son of Koo Bon-moo, will be the new CEO citing "first son-only corp.com)
succession rule".[5] Koo Kwang-mo's father died of a brain tumor lg.com (http://lg.co
on 20 May 2018.[6] m)
Korean name
Joint ventures
Hangul 주식회사 LG
LG and Hitachi created joint ventures named Hitachi-LG Data Hanja 株式會社 LG
Storage in 2000 and LG Hitachi Water Solutions in 2011; among
Revised Jusikhoesa LG
other partnerships it has had, LG has a long relationship with
Hitachi dating back to the early years of Goldstar. Since then Romanization
Hitachi has transferred technologies for LG's products such as McCune– Chushikhoesa
radios, wires, TVs, home appliances, semiconductors, etc. The Reischauer LG
first JV between the two is LG Hitachi, which has been around
(Formerly)
since 1980s when it was established to import computers to
Korea.[7] Hangul 럭키금성
Hanja 樂喜金星
LG had two joint ventures with Royal Philips Electronics: LG
Philips Display and LG Philips LCD, but Philips sold off its shares Revised Leogki
in late 2008.[8] In 2005, LG entered into a joint venture with Romanization Geumseong
Nortel Networks, creating LG-Nortel Co. Ltd. McCune– Lŏkki Kǔmsŏng
Reischauer
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.[9]
On 20 January 2013,
Counterpoint Research
announced that LG has
overtaken Apple to Stake ownership structures (as of 2012)
become second largest in
U.S. market share.[10]
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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.[11]
Logo
The company logo of LG features a circle containing the letters
"L" and "G", presented in the form of a smiling human
face.[12][13]
An LG microwave oven
LG's ad campaigns have utilized
celebrities such as South Korean
pop group Girls' Generation as in
this ad for the LG Cookie cell phone
in 2010.
LG Side-By-Side Refrigerator (KF-
P8903 HLP)
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The original LG corporate The new LG corporate logo
logo, used from 1 January in use from 1 January 2014,
1995, until 31 December using a different typeface,
2014, in Helvetica typeface along with a slightly darker
magenta
Associated companies
GS Group
LS Group
LIG Group
Lejel Group
Heesung Group
SPC Group
Structure and financial position
LG Corporation is a holding company 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 displays to security devices and semiconductors. 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 Korea Bottling Company, manages real estate, offers management consulting,
and operates professional sports clubs.
2013 Division revenue (in billions
Fields of activity Companies
USD)
Holding company LG Corp. US$8.8 billion[14]
US$55.8 billion[15]
LG Electronics US$25.9 billion[16]
Electronic industry LG Display US$5.9 billion[17]
LG Innotek N/A
N/A
Chemical industry LG Chem US$22.2 billion[18]
LG Household & Health US$4.1 billion[19]
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Care US$2.6 billion[20]
LG Hausys N/A
LG MMA N/A
LG Uplus US$11 billion[21]
Telecommunication and
LG International Corp. US$11.6 billion [21]
LG CNS N/A
Services
SERVEONE N/A
LG N-Sys N/A
Group families[22]
Electronics industries
LG Electronics
LG Appliances
LG Display
LG Innotek
Silicon Works
ZKW Group
Chemical industries
LG Chem
SEETEC
LG Household & Health Care
Ĭsa Knox
Haitai HTB
The Face Shop
Beyond
Coca-Cola Beverage Company (South Korea)
LG Hausys
LG Tostem BM
LG MMA
LG Lever Korea
Food & Beverages
Home Care
Personal Care
Telecommunications
LG U+
CS Leader
CS ONE Partner
LG CNS
V-ENS
BIZTECH & EKTIMO
Ucess Partners
LG International
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Monkey House
Pixdix
G2R
HS Ad
Twenty Twenty
Sports sponsorship
LG owns the LG Twins and is the main sponsor of Changwon LG Sakers and a partner of the Texas
Rangers.[23]
2013 Special Olympics World Winter Games LG Cup (association football)
Bayer 04 Leverkusen LG Cup (Go)
Changwon LG Sakers LG Twins
Copa América Los Angeles Dodgers
FIS Snowboard World Cup Texas Rangers (baseball)
Formula One Millonarios Fútbol Club
Swansea City A.F.C. NCAA (all programs)
Manchester City FC Son Heung-min
International Cricket Council Son Yeon-jae
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LG sponsored Bundesliga club 2011 Copa América
Bayer Leverkusen
2012 Korean Grand Prix 2011–12 FIS Snowboard World
Cup
Los Angeles Dodgers Son Yeon-jae
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Angela Park Fulham F.C.
2008–09 AEK Athens F.C. Song Il Gook
home kit
Brand ambassadors
David Warner (cricketer) (2014)
References
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2. "Overview (http://www.lg.com/global/about-lg/corporate-information/at-a-glance/overview.jsp)". LG
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Yeongdeungpo-gu, Seoul 150–721, Korea"
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ksNews/idUSTRE52B0BN20090312). Reuters. Retrieved on 11 November 2010.
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ww.comscore.com/Insights/Press_Releases/2012/11/comScore_Reports_October_2012_U.S._M
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www.comscore.com/Insights/Press_Releases/2013/8/comScore_Reports_June_2013_U.S._Sma
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sweek.wallst.com/research/stocks/financials/financials.asp?ticker=003550:KS&dataset=incomeSt
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original (http://www.lgcorp.com/about/affiliatesList.dev) on 25 April 2017. Retrieved 7 April 2017.
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External links
Media related to LG Group at Wikimedia Commons
Official website (http://www.lgcorp.com) —(in English)
Retrieved from "https://en.wikipedia.org/w/index.php?title=LG_Corporation&oldid=981286381"
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