Producer of electronics, chemicals, and telecommunications products and operates subsidiaries like LG Electronics, LG Telecom and LG Chem in over 80 countries.
LG Group founder Koo In-Hwoi established Lak-Hui (pronounced "Lucky") Chemical Industrial Corp. in 1947. As the company expanded its plastics business, it established GoldStar Co., Ltd in 1958. In 1995, so as to better compete in the Western market, the company was renamed "LG", the abbreviation of "Lucky GoldStar".
Headquartered in Seoul, South Korea.
