LG Electronics is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, and a member of the LG Group chaebol.

The company operates its business through five divisions: Mobile Communications, Home Entertainment, Home Appliances, Air Conditioning, and Energy Solutions. It is the world's second-largest television manufacturer (after Samsung),[2]and the world's fifth-largest mobile phone maker by

unit sales in the second quarter of 2012. The company was originally established in 1958 as GoldStar, producing radios, TVs, refrigerators, washing machines, and air conditioners.[4] The LG Group was formed through the merger of two Korean companies, Lucky and GoldStar, from which the abbreviation of LG was derived. The current "Life's Good" slogan is a backronym. Before the corporate name change to LG, household products were sold under the brand name of Lucky, whileelectronic products were sold under the brand name of GoldStar. In 1995, GoldStar was renamed LG Electronics, and acquired the
US electronics company Zenith.

Board of Directors: LG Electronics' Board of Directors maintains independence from its management and major shareholders. Currently, the Board has a total of seven directors, four of whom are outside directors. The BOD is supported by three Board Committees. They are the Audit Committee, the Outside Director Candidate Recommendation Committee and the Management Committee. Audit Committee: The Audit Committee consists of three Outside Directors, and is responsible for examining corporate financial records and accounting to ensure compliance with the accounting laws and transparency. Outside Director Candidate Recommendation Committee: The "Outside Director Candidate Recommendation Committee," comprised of one in-house director and one external director, nominates external directors following close examination of their qualifications. These outside directors are then voted on at the next shareholders' meeting. Management Committee: The Management Committee reviews and determines the agendas delegated by the BOD and ordinary management activities. Top management: Bon-Joon Koo -- Vice Chairman & CEO, LG Electronics Inside Director

David Jung -- CFO of LG Electronics (Executive Vice President) Inside Director Yu-Sig Kang -- CEO of LG Corp. (Vice Chairman) Non-executive Director Sang-Hee Kim -- Outside Director Chang-Woo Lee -- Outside Director Kyu-Min Lee -- Outside Director

Chong-Nam Chu -- Outside Director

LG has total of 91,045 employees worldwide. The revenue for the financial year 2011 is US$ 48.976 billion and the net income is US$ -423.9 million. LG has its office for production and marketing in all the continents. They are present in Asia-Pacific, Europe, North America, South & Central America, Middle East & Africa, China and Russia. In India, the main office for production and marketing is present at Greater Noida with name as LG Electronics India Pvt. Ltd. Business Divisions and Products: Home Entertainment:
LG has become a top global player in home entertainment by blending stylish design and cutting-edge 3D and Smart TV technology in their flat-panel TVs, audio players, monitors, PC and other products. LG will

continue to invest in future technology and redefine expectations for the future of entertainment, thus positioning itself as the No. 1 global player in the home entertainment market. The main products are LG Cinema 3D Smart TV, Home Theatre System with 3D sound zooming, Projector and Professional Display.

Mobile Communications:
A global leader and innovator in the global mobile communications industry, LG Electronics Mobile Communications Company (LG) provides consumers with superior mobile experiences through its smart technology and stylish design, while creating new trends based on consumer insights and demands. LG produces a full line-up of smartphones from premium to mass-tier, which deliver

exceptional value and a singular user experience to consumers all around the world. The main product here is LG Optimus.

Home Appliance:
The smart appliances from LG Electronics Home Appliance Company enrich your life, and make your home greener, more reliable and more efficient. LG is committed to preserving our natural environment

and creating consumer-optimized products. Underpinning all LGs achievements are its four core technologies the Linear Compressor, Inverter Direct Drive, Lightwave and KOMPRESSOR. The main products are washing machine, Dishwasher, Refrigerator, Microwave Oven and Water Purifiers.

Air Conditioning & Energy Solution:

The LG Electronics Air Conditioning and Energy Solution Company is an industry leading complete heating, ventilation and air conditioning (HVAC) and energy solution company trusted around the world, which provides Residential Air Conditioning (RAC), Commercial Air Conditioning (CAC) and Lighting solutions around the world. The main products are Residential AC, LED Lighting and Control Systems.