LG Group
| LG Group
|
|
|---|---|
.svg){kind=logo} |
|
| legal form | Corporation |
| ISIN | KR7003551009 |
| founding | January 5, 1947 |
| Seat |
Seoul , South Korea
|
| management | Koo Kwang-mo ( Chairman and CEO ), Juno Cho ( President ) |
| Number of employees | 226,000 (2015) |
| sales | 145 trillion KRW (2012) |
| Branch | Conglomerate |
| Website | www.lg.com/global |
The LG Group is a conglomerate from South Korea with headquarters in Seoul . In Germany and Austria, the subsidiary LG Electronics is best known.
history
The Korean company, which is now one of the world's leading electronics groups , was founded in 1947 by In-hwoi Koo (alias Yonam ) as "Lucky Chemical Industrial Co.". The company's first product was a cosmetic , Lucky Cream. When In-hwoi Koo wanted to produce an inexpensive packaging attachment for his creams, he quickly began producing plastic. Combs, soap cups, toothbrushes and tableware followed later. In 1958 "GoldStar Inc." was founded, which a year later produced the first Korean radio . The brand name known today is an abbreviation of the company name "Lucky GoldStar", or LG for short.
In 2005 the LG Group split into the new "LG Group", the " GS Group " and the " LS Group ". In order to strengthen the “LG” brand name, a new logo and the advertising slogan Life's Good were developed, in which the letters “LG” appear in stylized form.
In January 2009, the LG Group managed to buy the Internet domain LG.com. Since then, it has been on the VB.com Internet Hall of Fame as one of the few global companies to own a two-letter domain. The domain originally belonged to the architecture group Lockwood Greene and most recently to the British soccer player Andy Booth and came to the new owner in 2009 through one of the most expensive domain transactions in history.
In May 2018, Koo Bon-moo , who led the LG Group in the third generation for many years, died. His adopted son, Koo Gwang-mo (he adopted his younger brother's eldest son because his only son was killed in a car accident when he was younger) is moving up. Koo Gwang-mo is only in his early 40s.
Company data
- Foundation: 1947 as Lucky Chemical Industrial Co. (today LG Chem ) in South Korea
- Total group turnover in 2012: 145 trillion won
- Employees: 226,000 worldwide (2015)
Company LG Sports is now in even Seoul -based baseball club LG Twins and the basketball team LG Sakers in Changwon .
subsidiary company
| Business area | Companies | Sales (2014) (in Bio. ₩ ) |
|---|---|---|
| Holding | LG Corp. | 9.87 |
| electronics |
LG Electronics LG Display LG Innotek Lusem Zenith Electronics Corporation |
59.04 26.46 6.47 ? ?
|
| chemistry |
LG Chem LG Household & Health Care LG Hausys LG MMA |
22.58 4.68 0.43 ?
|
| Services and telecommunications |
LG Uplus LG International Corp. LG CNS SERVEONE LG N-Sys LG Sports HS Ad |
10.999 11.37 3.32 4.4 ? ? ? |
In January 2017, 51% of the shares in the subsidiary LG Siltron were sold to SK Holding . After the takeover, the company was renamed SK Siltron Inc. in August 2017.
Individual evidence
- ↑ a b lgcorp.com: Overview ( Memento of the original from June 23, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ The VB.com Internet Hall of Fame - List of well-known two-letter domain companies ( Memento of the original from May 25, 2012 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ History of the LG.com website ( Memento of the original from September 28, 2009 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Park Sang-hyun: LG Group Succession Process Summary. Smartkarma, May 20, 2018, accessed December 29, 2019 .
- ↑ List of LG subsidiaries
- ↑ Corporate information from the Korean Financial Supervisory Authority
- ↑ HS Ad website ( Memento of the original from March 28, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ LG CNS website
- ↑ Serveone brochure
- ↑ Koichi Kato: South Korea's SK to buy silicon wafer maker LG Siltron. In: Asian Review. Nikkei, January 24, 2017, accessed February 1, 2017 .
- ^ History. SK Siltron, accessed August 29, 2017 .
Web links
- LG worldwide (English)
- LG Germany (German)