LG Corporation (or LG Group),[a] formerly known as Lucky-Goldstar,[b] is a South

Korean multinational conglomerate founded by Koo In-hwoi and managed by successive

generations of his family. It is the fourth-largest chaebol in South Korea. Its headquarters are in the
LG Twin Towers building in Yeouido-dong, Yeongdeungpo District, Seoul.[4] LG
makes electronics, chemicals, and telecommunications products and operates subsidiaries such
as LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, and LG Energy Solution in
over 80 countries.

History[edit]
LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi.[5] In
1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean company
to enter the plastics industry. As the company expanded its plastics business, it
established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both companies Lucky and
GoldStar merged to form Lucky-Goldstar in 1983.[6]
GoldStar produced South Korea's first radio.[6] 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. LG continues to manufacture some of these products for the South Korean
market, such as laundry detergent.
Koo In-hwoi led the corporation until his death in 1969, at which time, his son Koo Cha-kyung took
over. He then passed the leadership to his son, Koo Bon-moo, in 1995. Koo Bon-moo renamed the
company to LG in that year.[6] 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.
Koo Bon-moo died of a brain tumor on 20 May 2018.[7] In July 2018, it was announced that Koo
Kwang-mo, the nephew and adopted son of Koo Bon-moo, will be the new CEO of LG. Koo Bon-
moo adopted his nephew in 2004, after losing his only son in 1994,[8] citing "a family tradition of male-
only succession".[9]

Businesses[edit]

Secondary logo used since 2023 [10]

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.[11]

Subsidiaries[edit]
 LG Electronics
 LG Display
 LG Innotek
 LG Chem
 LG Energy Solution
 LG Household & Health Care
 LG U+
 LG CNS
 G2R
 HS Ad
Joint ventures[edit]
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. Since then