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LG Group From Wikipedia, the free encyclopedia Jump to: navigation, search "LG" redirects here. For other uses, see LG (disambiguation). LG Group 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 plastics business, it established GoldStar Co., Ltd., (currently LG Electronics Inc.) in 1958. In 1995, so as to better compete in the Western market, the company was renamed "LG", the abbreviation of "Lucky GoldStar". More recently, the company associates its tagline "Life's Good", with the letters LG. Since 2009, LG also owns the domain name LG.com. It is now in the VB.com Internet Hall of Fame among 59 large corporations to own a two letter domain name.[4] [edit] Companies

GoldStar logo, prominently used before the introduction of the LG logo. 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.[5] Also LG has entered into a joint venture with Nortel Networks and has created LG-Nortel Co. Ltd. LG has a joint venture with Hitachi, Hitachi-LG Data Storage, which manufactures optical data storage products like DVD-ROM drives, CD writers, etc. LG has owned the LG Twins baseball club since 1989. LG acquired American television manufacturing company Zenith in 1999. [edit] Associated companies GS Group LS Group LIG Group [edit] Group families [edit] Electronics industries LG Electronics LG Display LG Innotek Hiplaza Hi Logistics System Air-Con Engineering Siltron Lusem [edit] Chemical industries LG Chem LG DOW Polycarbonate SEETEC LG Household & Health Care Coca·Cola Beverage Company LG Hausys LG TOSTEM BM

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