LG

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LG Group (slogan: "Life's Good") is a large South Korean chaebol (conglomerate), producing electronics (including domotics), mobile phones, and petrochemical products.

Created in 1947 as "Lucky-Goldstar", it assumed the abbreviated name of "LG" in 1995. Before then, many electronic products were sold under the brand name Goldstar, while some other household products (not available outside Korea) were sold under the brand name of "Lucky." The Lucky brand was famous for producing household cleaning products and laundry detergents in South Korea. Before massive industrialization of South Korean society, the name Lucky was synonymous with toothpaste (similar to Kleenex referring to a facial tissue paper).

Image:Logo LG.png
LG Logo
Image:Goldstar logo.gif
GoldStar logo, prominently used before the introduction of the LG logo

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LG has made a joint venture and created LG-Nortel Network. Since 2001, LG has two joint ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD. Capstan Communications imports and distributes LG-Nortel Business Communication Systems within the UK market.

LG also has a joint venture with Hitachi, Ltd.: Hitachi-LG Data Storage, which manufactures optical data storage solutions like DVD-ROM drives, CD writers, etc.

LG has owned the LG Twins baseball club since 1989.

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[edit] Group families

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[edit] Group

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