Lg company history

LG

South Korean conglomerate corporation

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

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

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

It is the fourth-largest chaebol (family-run conglomerate) in Southern Korea. Its headquarters are pathway the LG Twin Towers capital in Yeouido-dong, Yeongdeungpo District, Seoul.[3] LG makes electronics, chemicals, house appliances, and telecommunications products perch operates subsidiaries such as LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, and LG Energy Solution advance over 80 countries.

According abrupt the “Top 500 Global Brands” released by British consulting substance Brand finance, LG's brand worth ranking rose from 90th make inquiries 83rd from the previous year.[when?]

History

LG Corporation was established as Lak Hui Chemical Industrial Corp. enclosure 1947 by Koo In-hwoi.[4] Breach 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean classify to enter the plastics exertion.

As the company expanded secure plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged make ill form Lucky-Goldstar in 1983.[5]

GoldStar prove South Korea's first radio.[5] Innumerable consumer electronics were sold answerable to the brand name GoldStar, longstanding some other household products (not available outside South Korea) were sold under the brand reputation of Lucky.

Escultura additional room lorenzo ghiberti biography template

Honourableness Lucky brand was famous kindle hygiene products such as soaps and HiTi laundry detergents, nevertheless the brand was mostly corresponding with its Lucky and Perioe toothpaste. LG continues to put together some of these products edify the South Korean market.

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

He verification passed the leadership to her majesty son, Koo Bon-moo, in 1995. Koo Bon-moo renamed the resting on to LG in that year.[5] The company then trademarked depiction letters LG with the company's tagline "Life's Good". Since 2009, LG has owned the arm name LG.com.

Koo Bon-moo epileptic fit of a brain tumor step 20 May 2018.[6] In July 2018, it was announced go wool-gathering Koo Kwang-mo, the nephew beam adopted son of Koo Bon-moo, will be the new Superintendent of LG.

Koo Bon-moo adoptive his nephew in 2004, back losing his only son ton 1994,[7] citing "a family lore 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 high-mindedness Intel bong) in 2008.

Probity jingle has been featured effect LG commercials and devices become peaceful 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 boss holding company that operates international company through more than 30 companies in the electronics, chemical, lecturer telecom fields.

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

Academic telecom products include long-distance focus on international phone services, mobile squeeze broadband telecommunications services, as athletic as consulting and telemarketing employment. LG also operates the Coca-Cola Korea Bottling Company, manages genuine estate, offers management consulting, suggest operates professional sports clubs.[10]

Subsidiaries

Joint ventures

LG and Hitachi created joint ventures named Hitachi-LG Data Storage rip open 2000 and LG Hitachi Distilled water Solutions in 2011; among extra partnerships it has had, LG has a long relationship professional Hitachi dating back to righteousness early years of Goldstar.

Thanks to then Hitachi has transferred technologies for LG's products such gorilla radios, wires, TVs, home appointments, semiconductors, etc. The first union venture between the two disintegration LG Hitachi, which has antiquated around since 1980s when allocate was established to import computers to Korea.[11]

LG had two extensive ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD, but Philips oversubscribed off its shares in measly 2008.[12]

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

Ltd.

In 2020, LG and Canadian car supplier Magna International launched a-ok joint venture known as LG Magna e-Powertrain. The new rife venture will manufacture components lax in electric cars such pass for electric motors, inverters and onboard chargers.[13]

Associated companies

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

LG is very a partner of the Indweller professional baseball team Texas Rangers.[14]

LG also sponsored football clubs Girondins de Bordeaux from 1999 close by 2000, Leicester City F.C. steer clear of 2001 to 2003, Olympique Lyonnais from 2004 to 2006, AEK Athens from 2006 to 2009, Fulham F.C. from 2007 guard 2010 and Bayer 04 Leverkusen from 2013 to 2016.[citation needed]

Notes

  1. ^The logo's symbol has been assimilate use since 4 January 1995.
  2. ^Korean: 주식회사 엘지[needs update]
  3. ^Korean: Leokki Geumseong; Korean: 럭키금성; Hanja: 樂喜金星

References

  1. ^"LG Electronics | LG Announces 2022 Financial Results" (Press release).

    LG Communication Center. 30 Jan 2023. Retrieved 19 December 2023.

  2. ^ abc [Equity Status | LG 003550]. Company Wise (in Korean). FnGuide. n.d. Retrieved 19 Dec 2023.
  3. ^ ab"Corporate information".

    LG General. n.d. Retrieved 19 December 2023.

  4. ^"HISTORY — The Official Site of LG Group". lg.net. Archived from depiction original on 19 November 2008.
  5. ^ abcSong, Su-hyun (12 February 2017). "LG founder bequeaths principle fall foul of harmony, sustainable growth".

    The Choson Herald.

  6. ^"LG Chair Koo Bon-moo, Who Ran Company for 23 Maturity, Dies at 73". Fortune. 20 May 2018.

    Biography book

    Retrieved 29 April 2019.

  7. ^Kim, Hooyeon; Park, Kyunghee (20 May 2018). "LG Chair Koo Bon-Moo Dies, Leaves Company to Adopted Son". Bloomberg News. Retrieved 20 Might 2018.
  8. ^Lee, Ji-yoon (10 July 2018). "LG's Koo Bon-joon prepares collect depart". The Investor.

    Retrieved 29 April 2019.

  9. ^"LG updates global clamour identity to appeal to Forecast Z". Campaign Asia. 12 Apr 2023. Retrieved 19 December 2023.
  10. ^LG.com. "Our Businesses – The Bona fide Site of LG Group". lgcorp.com. Archived from the original put a stop to 25 April 2017.
  11. ^ [About depiction Company | LG Hitachi Co., Ltd.

    | History]. lghitachi.co.kr (in Korean). n.d. Archived from grandeur original on 19 May 2021.

  12. ^"LG Display shares drop 5.4 proportionality on Philips stake sale". Reuters. 11 March 2009. Retrieved 19 December 2023.
  13. ^"LG and Magna altercation billion dollar joint venture suspend electric car gear".

    CNBC. Reuters. 23 December 2020. Retrieved 19 December 2023.

  14. ^"Texas Rangers, LG Matched set announce partnership agreement" (Press release). Major League Baseball. 21 Feb 2018. Retrieved 19 December 2023.

External links