LG Group

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

The name LG comes from an abbreviation of "Lucky - Goldstar", the company's name until 1995. Before changing their name, 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).

Companies

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.

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

LG has owned the LG Twins baseball club since 1989.

Associated companies

Group families

External links

Main

Group

LG Group | Chaebols | 1947 establishments