You may be curious to know in-depth about your impressive brand LG. Yes, here in this blog – we have sufficient details regarding LG.
Koo In-Hwoii and Koo Bon-Moo from South Korea- are the founders of this company in 1947. After that, LG operations are assisted worldwide. Eventually, it’s the holding and public type company that is highly popular in the field of display, telecom, solar energy, life sciences, etc.
LG Headquarters and Net Worth
LG Corporation, or Lucky Goldstar, is an international corporation in South Korea. The headquarters are located in the LG twin towers in Yeouido-dong. The net worth of LG Electronics is around $50 billion as of May 2021. The company’s equity is around $14.461 billion, per a recent study. Approximately more than 73000 people are working under the company.
Reference Link – LG Green Building
LG is termed to be the efficient and top company in creating electronics, telecom products, chemicals, etc. LG even has all of the subsidiaries like Zenith, LG Display, LG Electronics, and LG Chem, and these are popular globally and in approximately 80 countries.
LG was the first company to initiate the plastic industry in Korea. In accordance with this entry into the plastic industry, GoldStar Co. Ltd. was recognized in 1958. Goldstar was termed to be the first company to yield Radio. But you might find various electronics that are accessed under the brand name GoldStar, and some others under the name of Lucky. At the same time, lucky got well-known for soaps and detergent powders. Most of these products are still there in the Korean market. Later, in the year 1995, the company was renamed “LG,” in which the tagline for the company is ‘Life’s Good’.
Twins Baseball Ownership
The company created a joint venture with BM, but it didn’t access well, and later it was terminated quickly. Later, in the year 2001, two joint ventures were combined. This was with Royal Philips Electronics for the LG Philips Display and the Philips LCD.
At the same time, the company also had LG twins’ baseball ownership in Seoul, and the ownership was till the year 1989. The company has access to more than 40 companies in electronics, telecom fields & chemicals. The manufacturing companies initiate from digital and electronic home appliances to mobile phones and LCD displays. The chemical industries consist of cosmetics, rechargeable batteries, and industrial textiles.
On the other hand, it has products in the same industry, like medicines, polycarbonates, and decorative materials for the surface. Moreover, the telecom industry of the company has services like phone services for short & long-distance calling, broadband communication, and even telemarketing services.
At last, LG eventually connected with the Coca-Cola Bottling Company in Korea. Eventually, it comprises handling the real estate industry and the company bids consulting on management issues. Finally, they have even connected with many sports clubs, which are also under LG.