lg corporation

 

  • • Formerly: Lucky-Goldstar, (1983–1995); Type: Public; Traded as: KRX: 003550; Industry: Conglomerate; Founded: 5 January 1947; 75 years ago; Founder: Koo In-hwoi; Headquarters:
    Seoul, South Korea; Area served: Worldwide; Key people: Koo Kwang-mo (Chairman and CEO), Kwon Young-soo, (Vice Chairman); Products: Electronics, chemicals, telecommunications, engineering, information technology, power generation; Revenue:
    KRW 156 trillion (2018); Owners: Koo family (45.9%)[1], National Pension Service (8.03%)[1], Mirae Asset Financial Group (5.5%)[1] ; Number of employees: 222,000 (2012)[2]; Subsidiaries: LG Electronics, LG Display, LG Uplus, LG Chem, LG Energy
    Solution, LG Household & Health Care; Korean name: Revised Romanization, Jusikhoesa Elji; (Formerly): Revised Romanization, Leogki Geumseong History LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi.

  • [8] Joint ventures 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.

  • The first JV between the two is LG Hitachi, which has been around since 1980s when it was established to import computers to Korea.

  • Holding company: LG Corp.; 2013 Division revenue (in billions USD): US$8.8 billion[15] Electronic industry: LG Electronics, LG Display, LG Innotek; 2013 Division revenue (in
    billions USD): US$55.8 billion[16], US$25.9 billion[17], US$5.9 billion[18] Chemical industry: LG Chem, LG Household & Health Care, LG Hausys, LG MMA; 2013 Division revenue (in billions USD): US$22.2 billion[19], US$4.1 billion[20], US$2.6
    billion Telecommunication and Services: LG Uplus, LG International Corp., LG CNS, SERVEONE, LG N-Sys; 2013 Division revenue (in billions USD): US$11 billion[22], US$11.6 billion [22] Group families[edit] Electronics industries[edit] • LG Electronics
    • LG Appliances • LG Display • LG Innotek • ZKW Group Chemical industries[edit] • LG Chem • SEETEC • LG Household & Health Care o Ĭsa Knox o Haitai HTB o The Face Shop o Beyond o CNP o CARE ZONE o VONIN • Coca-Cola Beverage Company (South
    Korea) • LG Lever Korea Telecommunications[edit] • LG U+ • CS Leader • CS ONE Partner • LG CNS • V-ENS • BIZTECH & EKTIMO • Ucess Partners • Monkey House • Pixdix • G2R • HS Ad • Twenty Twenty Source[23] Sports sponsorship LG owns the South
    Korean professional baseball team LG Twins, and is the main sponsor of basketball team Changwon LG Sakers.

  • [4] In 1952, Lak Hui (pronounced “Lucky”; now LG Chem) became the first South Korean company to enter the plastics industry.

  • [5] 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.

  • Mobile Subscriber Market Share that found LG lost its place as second in the U.S. mobile market share to Apple Inc.[12] On 20 January 2013, LG has overtaken Apple to become
    second largest in U.S. market share.

  • [14] Associated companies • GS Group • LS Group • LIG Group • Heesung Group • SPC 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.

  • [5] The company also associates the letters LG with the company’s tagline “Life’s Good”.

  • LG Corporation (or LG Group), formerly Lucky-Goldstar from 1983 to 1995 (Korean: Leokki Geumseong), is a South Korean multinational conglomerate founded by Koo In-hwoi and
    managed by successive generations of his family.

  • LG also operates the Coca-Cola Korea Bottling Company, manages real estate, offers management consulting, and operates professional sports clubs.

  • As the company expanded its plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958.

  • [13] 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.

 

Works Cited

[‘”에프앤가이드 상장기업분석”.
o ^ “LG overview”. LG corp. Archived from the original on 23 June 2013. Retrieved 7 April 2013.
o ^ “Overview”. LG Corp. Retrieved on 6 January 2010. “Address: LG Twin Towers, 20 Yeouido-dong, Yeongdeungpo-gu, Seoul 150–721, Korea”
o ^
“HISTORY — The Official Site of LG Group”. www.lg.net. Archived from the original on 19 November 2008.
o ^ Jump up to:a b c Song, Su-hyun. “LG founder bequeaths principle of harmony, sustainable growth”. The Korea Herald.
o ^ “LG Chair Koo Bon-moo,
Who Ran Company for 23 Years, Dies at 73”. Fortune. 20 May 2018. Retrieved 29 April 2019.
o ^ Kim, Hooyeon; Park, Kyunghee (20 May 2018). “LG Chair Koo Bon-Moo Dies, Leaves Company to Adopted Son”. Bloomberg. Retrieved 20 May 2018.
o ^ Ji-yoon,
Lee (10 July 2018). “The Investor”. Retrieved 29 April 2019.
o ^ “연혁 : LG히다찌 주식회사”. www.lghitachi.co.kr (in Korean). Retrieved 28 September 2020.
o ^ LG Display shares drop 5.4 percent on Philips stake sale. Reuters. Retrieved on 11 November 2010.
o ^
“LG and Magna announce billion dollar joint venture in electric car gear”. www.reuters.com. Thomson Reuters. 23 December 2020. Retrieved 11 April 2021.
o ^ comScore Reports October 2012 U.S. Mobile Subscriber Market Share – comScore, Inc. Comscore.com
(30 November 2012). Retrieved on 2013-07-12.
o ^ (in Korean) LG Electronics returns to 2nd place in U.S. handset market. Yonhap News (20 January 2013). Retrieved on 2013-07-12.
o ^ comScore Reports June 2013 U.S. Smartphone Subscriber Market Share
– comScore, Inc. Comscore.com (7 August 2013). Retrieved on 2013-08-14.
o ^ “LG CORP (003550:Korea SE): Financial Statements”. Bloomberg. Retrieved 3 September 2018.
o ^ “LG ELECTRONICS INC (066570:Korea SE): Financial Statements”. Bloomberg.
Retrieved 6 September 2018.
o ^ “LG DISPLAY CO LTD (034220:Korea SE): Financial Statements”. Bloomberg. Retrieved 21 September 2018.
o ^ “LG INNOTEK CO LTD (011070:Korea SE): Financial Statements”. Bloomberg. Retrieved 2 October 2018.
o ^ “LG
CHEM LTD (051910:Korea SE): Financial Statements”. Bloomberg. Retrieved 22 October 2018.
o ^ “Lg Household & Health Care (051900:Korea SE)”. Bloomberg. Retrieved 24 April 2014.
o ^ “Lg Hausys Ltd (108670:Korea SE)”. Bloomberg. Retrieved 24 April
2014.
o ^ Jump up to:a b “Consumer Durable Sector Analysis | Top 8 Consumer Products Companies In India”. investyadnya.in. Retrieved 20 December 2018.
o ^ LG.com. “Our Businesses – The Official Site of LG Group”. www.lgcorp.com. Archived from
the original on 25 April 2017. Retrieved 7 April 2017.
o ^ “Texas Rangers, LG Twins announce partnership agreement”. Major League Baseball. 21 February 2018. Retrieved 22 June 2019.
Photo credit: https://www.flickr.com/photos/allyaubryphotography/2443921986/’]