Lg Electronics

Topics: LG Electronics, LG Group, South Korea Pages: 3 (821 words) Published: April 7, 2013
LG Electronics, a Korea electronics company headquartered in Seoul, South Korea. The company was established in 1958 by GoldStar Co., producing radios, TVs and home appliances. LG was formed by the merger of two Korean companies, Lucky and GoldStar, which the name ‘LG’ was the short form of these two companies’ first alphabet.

LG Corp. founder Koo In-Hwoi established Lak-Hui Chemical Industrial Corp. (now LG Chem) in 1947. The name Lak-Hui was then been pronounced as “Lucky” and in 1952 “Lucky” became the first Korean company to enter the plastic industry. Until the expanded its plastic business, it established GoldStar Co. Ltd. (currently known as the LG Electronics Inc.) in 1985. After that in 1995 both companies Lucky and GoldStar established new Corporate Identity (CI) Lucky-GoldStar to LG.

LG Electronics has around 75 subsidiaries worldwide. LG Electronics owns Zenith Electronics (an American manufacturer of consumer electronics. LG mainly focus on three main devision which were Home Entertainment devision which offers Plasma TVs, LCD TVs, PDP Modules, OLED Panels, USB Memory, Flat Panel Computer Monitors, Home Theater Systems, Blu-ray Disc players, DVD Recorders, Super Multi DVD Rewriters, CD±RW, Notebook PCs, Desktop PCs, MP3 Players. The Home Entertainment division merged with the Business Solution Division in October 2010. The other devision was Mobile Communications devision which provides mobile communication terminals, personal computers and communication devices. LG mobile devices are made for GSM networks as well as for CDMA networks worldwide. LG phones are available also in unlocked versions that can be used on any GSM network worldwide and not just for a specific carrier's network. LG sold 116.7 million mobile phones in 2010, corresponding to a market share of 8.4%. Last but not least was the Home Appliances devision, the Home Appliances division provides refrigerators, washing machines, microwave ovens, cleaners, compressors, motors. Its...
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