History of LG Corporation
LG Corporation is a South Korean multinational conglomerate founded in 1947 by Koo In-hwoi as Lak-Hui
(pronounced “Lucky”), the first South Korean company to enter the plastics industry. In 1958, the
company established GoldStar, which produced South Korea’s first radios, TVs, refrigerators, washing
machines, and air conditioners. Later, the two companies, Lak-Hui and GoldStar, merged to form
Lucky-Goldstar, which was eventually shortened to LG.
During the 1980s and 1990s, LG expanded
rapidly into electronics, chemicals, and telecommunications. The company became known for developing
innovative home appliances and consumer electronics while also entering the mobile phone and
semiconductor markets. LG focused on global expansion, setting up offices and factories around the
world, and positioning itself as one of the major South Korean conglomerates alongside Samsung and
Hyundai.
In the 2000s and beyond, LG rebranded with the slogan “Life’s Good,” emphasizing its
focus on user-friendly and stylish technology. The company has diversified into sectors like
renewable energy, automotive components, and artificial intelligence. Today, LG Corporation operates
through several subsidiaries including LG Electronics, LG Chem, LG Display, and LG Energy Solution,
continuing to play a major role in global technology and innovation.