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LG Corp

LG
Industry
Conglomerate
Founded
January 5, 1947
Founders
Koo In-Hwoi
Headquarters
Seoul, South Korea
Area served
Worldwide
Key people
Koo Bon-Moo
(Chairman & CEO)
Yu Sig Kang
(Vice Chairman & Co-CEO) Juno Cho, (EVP, COO, & Director)
Products
Electronics, chemicals, telecommunications, engineering, information technology, power generation
Subsidiaries
LG Electronics
LG Display
LG Telecom
LG Chem
LG Life Sciences
LG Solar Energy
Website
www.lgcorp.com or LG.com
Headquarters at Yeouido-dong, Yeongdeungpo-gu in Seoul, South Korea
LG Corporation (Korean: LG 법인) formerly Lucky Goldstar (Korean: Leokki Geumseong (럭키금성/樂喜金星) ) is a South Korean multinational conglomerate corporation. It is the fourth-largest chaebol in South Korea. Its headquarters are situated in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo-gu, Seoul. LG makes electronics, chemicals, and telecom products and operates subsidiaries such as LG Electronics, Zenith,LG Display, LG Telecom and LG Chem in over 80 countries.

History

LG Corp. founder Koo In-Hwoi established Lak-Hui Chemical Industrial Corp. in 1947. In 1952, Lak-Hui (pronounced "Lucky", currently LG Chem) became the first Korean company to enter the plastic industry. As the company expanded its plastic business, it established GoldStar Co. Ltd. (currently LG Electronics Inc.) 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, such as laundry detergent.
In 1995, to compete better in the Western market, the Lucky-Goldstar Corporation was renamed "LG". The company also associates the letters LG with the company's tagline "Life's Good". Since 2009, LG has owned the domain name LG.com.
Stake ownership structures (As of 2012)

Mergers

In 1996 LG formed a joint venture with IBM; it was later terminated.
On 1 April 2000, LG Chemical was split into three separate companies, namely LGCI, LG Chem, and LG Household & Health Care. Later, in July 2007, LG Chem merged with LG Petrochemical.

Joint ventures

Since 2001, LG has two joint ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD, but Philips sold off its shares in late 2008. In 2005, LG entered into a joint venture with Nortel Networks, creating LG-Nortel Co. Ltd.

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.
On 20 January 2013, Counterpoint Research announced that LG has overtaken Apple to become second largest in US. market share.
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.

Sport ownership

LG has owned the LG Twins baseball club in Seoul, South Korea, since 1989.

Logo

The company logo of LG features a circle containing the letters "L" and "G", presented in the form of a smiling human face.

Associated companies


  • GS Group
  • LS Group
  • CG Group
  • DS Group

Structure of the Group 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.
Fields of activity
Companies
The division's revenue, billion USD(2013)
Holding company
LG Corp.
US$ 8.8 billion
Electronic industry
LG Electronics
LG Display
LG Innotek
LG Siltron
Lusem
US$ 55.8 billion
US$ 25.9 billion
US$ 5.9 billion
N/A
N/A
Chemical industry
LG Chem
LG Household & Health Care
LG Hausys
LG Life Sciences
LG MMA
US$ 22.2 billion
US$ 4.1 billion
US$ 2.6 billion
N/A
N/A
Telecommunication and Services
LG Uplus
LG International Corp.
LG CNS
SERVEONE
LG N-Sys
US$ 11 billion
US$ 11.6 billion
N/A
N/A
N/A

Group families

Electronics industries

An LG microwave oven
  • LG Electronics
  • LG Display
  • LG Innotek
  • Hiplaza
  • Hi Logistics
  • System Air-Con Engineering
  • Siltron
  • Lusem
LG Side-By-Side Refrigerator (KF-P8903 HLP)

Chemical industries


  • LG Chem
  • SEETEC
  • LG Household & Health Care
    • Ĭsa Knox
    • The Face Shop
    • Beyond
  • Coca-Cola Beverage Company (South Korea)
  • LG Hausys
  • LG TOSTEM BM
  • LG Life Sciences
  • LG MMA

Telecommunications and services


  • LG U+
  • CS Leader
  • A•IN
  • LG Dacom
  • LG Powercom
  • DACOM Crossing
  • DACOM Multimedia Internet
  • CS ONE Partner
  • LG CNS
  • LG N-Sys
  • V-ENS
  • BIZTECH & EKTIMO
  • Ucess Partners
  • SERVEONE
  • LG International
  • TWIN WINE
  • monkey house
  • pixdix
  • Korea Commercial Vehicle
  • LG Solar Energy
  • G2R
  • HS Ad
  • Twenty Twenty
  • Media Prima Berhad
LG's ad campaigns have sometimes utilized celebrities such as South Korean pop girl group Girls' Generation for their products, such as this for the LG Cookie cell phone in 2010.

Sports sponsorship


  • LG Twins
  • Changwon LG Sakers
  • LG Cup (association football)
  • LG Cup (Go)
  • Formula One
  • Copa América
  • International Cricket Council
  • FIS Snowboard World Cup
  • 2013 Special Olympics World Winter Games
  • Bayer 04 Leverkusen
  • Swansea City A.F.C.
  • Millonarios Fútbol Club
  • Los Angeles Dodgers
  • Son Yeon-jae
  • Son Heung-min
008–09 AEK Athens F.C. home and away kit
2011 Copa América
2011-12 FIS Snowboard World Cup
2012 Korean Grand Prix
LG sponsors Bundesliga club Bayer Leverkusen
Los Angeles Dodgers
Angela Park
Fulham F.C.
Son Yeon-Jae



Last updated on 24 October 2014 at 05:42.


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