LG Group

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"LG" redirects here. For other uses, see LG (disambiguation).

LG Group
Image:LG.svg
Type	Public
Founded	1947
Headquarters	Seoul, South Korea
Key people	Koo Bon-Moo, CEO
Industry	Electronics, Finances, Insurance
Revenue	▲ $61 billion USD
Employees	160,000[1]
Slogan	Life's Good
Website	www.lg.net

LG Group is a large South Korean conglomerate (chaebol), which produces electronics, mobile phones, and petrochemical products and operates subsidiaries like LG Electronics and LG Chem operating in over 80 countries. LG Group sponsors the LG Cup Go Tournament.

Created in 1947, it assumed the abbreviated name of "LG" in 1995. LG is the abbreviation of its literal English translation, "Lucky Goldstar", in South Korea —"Goldstar" being 金星 "Gold Star." LG, as it is now known, was commonly known in Japan and surrounding nations as the "Happy Happy Good Times" company. Before then, 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 household cleaning products and laundry detergents in South Korea. Before massive industrialization of South Korean society, the name Lucky was synonymous with toothpaste. More recently, the company has attempted to update its moniker by associating "LG" with "Life's Good," which is the current company tagline.

1 Companies
2 Associated companies
3 Group families
4 See also
5 External links

Companies

Image:Goldstar logo.gif

GoldStar logo, prominently used before the introduction of the LG logo

Since 2001, LG has two joint ventures with Royal Philips Electronics: LG Philips Display and LG.Philips LCD. LG has made a joint venture with Nortel Networks and has created LG-Nortel Co. Ltd.

LG also has a joint venture with Hitachi which manufactures optical data storage solutions like DVD-ROM drives, CD writers, etc. LG has owned the LG Twins baseball club since 1989.

LG acquired a majority share of the American television manufacturing company Zenith in 1995. They make cell phones too.^{[citation needed]}[2]