This article needs to be updated.October 2018)(
LG Corporation (Korean: 주식회사 LG), formerly Lucky-Goldstar from 1983 to 1995 (Korean: Leogki Geumseong; Korean: 럭키금성; Hanja: 樂喜金星), is a South Korean 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. 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.
|Traded as||KRX: 003550|
|Founded||5 January 1947|
|Headquarters||Seoul, South Korea|
(Chairman and CEO)
|Products||Electronics, chemicals, telecommunications, engineering, information technology, power generation|
|Revenue||US$147.2 billion (2018)|
Number of employees
LG Solar Energy
LG Household & Health Care
|Revised Romanization||Jusikhoesa LG|
|Revised Romanization||Leogki Geumseong|
LG Corporation established as Lak Hui Chemical Industrial Corp. in 1947. In 1952, Lak Hui (pronounced "Lucky", currently LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (currently LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged and formed Lucky-Goldstar in 1983.
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. LG continues to manufacture some of these products for the South Korean market, such as laundry detergent.
In July 2018, it was announced that Koo Kwang-mo, the only son of Koo Bon-moo, will be the new CEO citing "first son-only succession rule". Koo Kwang-mo's father died of a brain tumor on 20 May 2018.
LG and Hitachi created joint ventures named Hitachi-LG Data Storage in 2000 and LG Hitachi Water Solutions in 2011; among other partnerships it has had, LG has a long relationship with Hitachi dating back to the early years of Goldstar. Since then Hitachi has transferred technologies for LG's products such as radios, wires, TVs, home appliances, semiconductors, etc. The first JV between the two is LG Hitachi, which has been around since 1980s when it was established to import computers to Korea.
LG had 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.
On 20 January 2013, Counterpoint Research announced that LG has overtaken Apple to become second largest in U.S. market share.
The original LG corporate logo, used from 1 January 1995, until 31 December 2014, in Helvetica typeface
Structure and financial positionEdit
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||2013 Division revenue (in billions USD)|
|Holding company||LG Corp.||US$8.8 billion|
|Electronic industry||LG Electronics
|Chemical industry||LG Chem
LG Household & Health Care
|Telecommunication and Services||LG Uplus
LG International Corp.
US$11.6 billion 
- 2013 Special Olympics World Winter Games
- Bayer 04 Leverkusen
- Changwon LG Sakers
- Copa América
- FIS Snowboard World Cup
- Formula One
- Swansea City A.F.C.
- Manchester City FC
- International Cricket Council
- LG Cup (association football)
- LG Cup (Go)
- LG Twins
- Los Angeles Dodgers
- Texas Rangers (baseball)
- Millonarios Fútbol Club
- NCAA (all programs)
- Son Heung-min
- Son Yeon-jae
2008–09 AEK Athens F.C. home kit
- David Warner (cricketer) (2014)
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