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"LG" redirects here. For other uses, see LG (disambiguation).
Corporate logo
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| Type | Public |
|---|---|
| Traded as | KRX: 003550 |
| 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 |
| Revenue | US$143 Billion (2012)[1] |
| Employees | 220,000 (2012)[1] |
| Subsidiaries | LG Electronics LG Display LG Telecom LG Chem LG Life Sciences LG Solar Energy |
| Website | www |
| Korean name | |
| Hangul | LG법인 |
|---|---|
| Hanja | LG法人 |
| Revised Romanization | LG Beobin |
| McCune–Reischauer | LG Pŏbin |
| (former) | |
| Hangul | 럭키금성 |
| Hanja | 樂喜金星 |
| Revised Romanization | Leogki Geumseong |
| McCune–Reischauer | Lŏkki Kǔmsŏng |
Stake ownership structures (As of 2012)
An LG microwave oven
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.
LG Side-By-Side Refrigerator (KF-P8903 HLP)
History
LG Corp. founder Koo In-Hwoi established Lak-Hui Chemical Industrial Corp. in 1947.[3] In 1952, Lak-Hui (pronounced "Lucky", currently LG Chem) became the first Korean company to enter the plastics 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.
Mergers
In 1996 LG formed a joint venture with IBM; it was later terminated.[4]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.[5]
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.[6] 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.[7]On 20 January 2013, Counterpoint Research announced that LG has overtaken Apple to become second largest in U.S. market share.[8]
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.[9]
Sport ownership
LG has owned LG Twins and Changwon LG Sakers.Logo
The company logo of LG features a circle containing the letters "L" and "G", presented in the form of a smiling human face.[10][11]Associated companies
- GS Group
- LS Group
- CG Group
- DS 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.| Fields of activity | Companies | The division's revenue, billion USD(2013) |
| Holding company | LG Corp. | US$ 8.8 billion[12] |
| Electronic industry | LG Electronics LG Display LG Innotek LG Siltron Lusem |
US$ 55.8 billion[13] US$ 25.9 billion[14] US$ 5.9 billion[15] N/A N/A |
| Chemical industry | LG Chem LG Household & Health Care LG Hausys LG Life Sciences LG MMA |
US$ 22.2 billion[16] US$ 4.1 billion[17] US$ 2.6 billion[18] N/A N/A |
| Telecommunication and Services | LG Uplus LG International Corp. LG CNS SERVEONE LG N-Sys |
US$ 11 billion[19] US$ 11.6 billion[20] N/A N/A N/A |
Group families
Electronics industries
- LG Electronics
- LG Display
- LG Innotek
- Hiplaza
- Hi Logistics
- System Air-Con Engineering
- Siltron
- Lusem
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
- 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
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