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[Enter Post Title Here] [Enter Post Title Here] LG Corp Korean: LG ȶš) is the second largest Korean conglomerate company that produces electronics, chemicals, and telecommunications products and operates subsidiaries like LG Electronics, LG Display, LG Telecom and LG Chem in over 80 countries. LG Corp founder Koo In-Hwoi established Lak-Hui Chemical Industrial Corp. in 1947.[3] In 1952, Lak-Hui (pronounced "Lucky", currently LG Chem) became the first Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co., Ltd., (currently LG Electronics Inc.) in 1958. Goldstar produced South Korea's first radio. 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 its line of hygiene products such as soaps and Hi-Ti laundry detergents, but most associated with its Lucky and Perioe toothpaste. In 1995, to better compete in the Western market, the company was renamed "LG", the abbreviation of "Lucky Goldstar". More recently, the company associates the letters LG with the company tagline "Life's Good". Since 2009, LG also owns the domain name LG.com.[4 Companies 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, but Philips sold off its shares in late 2008.[5] Also LG has entered into a joint venture with Nortel Networks and has created LG-Nortel Co. Ltd. LG has a joint venture with Hitachi, Hitachi-LG Data Storage, which manufactures optical data storage products like DVD-ROM drives, CD writers, etc. LG has owned the LG Twins baseball club since 1989. LG acquired American television manufacturing company Zenith in 1999. LG Electronics (Korean: LG ǭŹ, KRX: 066570, LSE: LGLD) is global electronics company headquartered in Yeouido, Seoul, South Korea. LG Electronics is the world's second-largest manufacturer of Television sets[1] and third-largest producer of mobile phones.[2] It is the flagship company of LG Group, one of the world's largest electronic conglomerates. The company has 75 subsidiaries worldwide that design and manufacture televisions, home appliances, and telecommunications devices. LG Electronics owns Zenith Electronics and controls 37.91 percent of LG Display.[3] By 2005, LG was a Top 100 global brand, and in 2006, LG recorded a brand growth of 14%.[4] Its affiliate, LG Display, is now the world's largest plasma panel manufacturer.[5] [edit] Company history The company was originally established in 1958 as GoldStar, producing radios, TVs, refrigerators, washing machines, and air conditioners.[6] The LG Group was a merger of two Korean companies, Lucky and GoldStar, from which the abbreviation of LG was derived. The current "Life's Good" slogan is a backronym. Before the corporate name change to LG, household products were sold under the brand name of Lucky, while electronic products were sold under the brand name of GoldStar (Hangul:͉˪). In January 2009 LG was able to buy the domain name, LG.com, placing it among the companies who own their two letter brand's domain name.[7] In 1994 GoldStar gained sponsorship from The 3DO Company to make the first 3DO Interactive Multiplayer. In 1995, GoldStar was renamed LG Electronics, and acquired Zenith Electronics of the United States. LG Solar Energy is a subsidiary formed in 2007 to allow LG Chem to supply polysilicon to LG Electronics for production of solar cells. In 2008, LG took its first dive into the solar-panel manufacturing pool, as it announced a preliminary deal to form a joint venture with Conergy. Under the deal, set to be completed by year's end, LG would acquire a 75 percent stake in Conergy's Frankfurt solar-panel plant.[8] LG has produced camcorders called ARTCAM and DSLRs.[9] Environmental record LG is listed in Greenpeace͛s Guide to Greener Electronics where it ranked 12th out of 18 leading electronics makers in May 2010. Greenpeace accuses LG of making false claims about the energy performance of its appliances in the US and Australia.[10] Choice magazine, in independent tests of popular LG fridge models in 2010, found the energy consumption in two models was higher than claimed by LG. LG was aware of the problem and had offered compensation to affected customers.[11] This adds to the history of false and misleading claims by LG about the environmental impact of their products. In 2004, LG made 4A-rated water efficiency claims for numerous washing machines before they were certified. LG gave undertakings to the Australian Competition and Consumer Commission (ACCC) to provide appropriate corrective notices and upgrade and maintain its trade practices compliance program. In 2006, LG overstated energy efficiency on five of it air conditioner models and was again required to offer consumers rebates to cover the extra energy costs.[11] LG is still using toxic vinyl plastic (PVC) and brominated flame retardants (BFRs) in its products but will eliminate them from mobile phones by 2010. The GD510 is currently LG͛s only phone that is free of PVC and BFRs.[12] Business divisions A picture of a Mitsubishi and LG Electronics Air conditioning unit at a Banbury shopping mall in the year 2010. Home Entertainment Plasma TVsJasmine , LCD TVs, PDP Modules, OLED Panels, USB Memory, Flat Panel Computer Monitors Home Theater Systems, Blu-ray Disc players, DVD Recorders, Super Multi DVD Rewriters, CD±RW, Notebook PCs, Desktop PCs, MP3 Players Mobile Communications See also: List of LG mobile phones LG Electronics is the world's third largest handset maker. LG said it expects a significant increase in mobile phone sales this year 2010, while 20 new smartphones present and aims to become one of the leading manufacturers in the sector by 2012. The Korean company hopes to sell 140 million phones in 2010, said Skott Ahn, CEO of mobile phone unit. That would mean an increase compared to the past year, where an estimated 117 million sold units. File:LG GS290 Cookie Fresh.jpg LG GS290 Cookie Fresh The image above is proposed for deletion. See files for deletion to help reach a consensus on what to do. Ahn said LG Electronics reported a global market share in double digits in 2009 for the first time, despite a 5% contraction in the global market. "In 2010 we will build the foundation to become the global number two in 2012," said Ahn. Currently, LG is the third in the area of mobile phones behind leader Nokia, and Samsung. LG mobile devices are made for GSM networks as well as for CDMA networks worldwide. LG phones are available also in unlocked versions that can be used on any GSM network worldwide and not just for a specific carrier's network.[19] Home Appliances The Home Appliances division makes products like refrigerators and washing machines. Its 2007 sales totaled KRW 11.8 trillion, accounting for 29% of the company's total revenue. The division's profit was KRW 717.1 billion. About 35% of the company's home appliance revenue comes from the North American market.[20] Air Conditioning Various Air conditioning units. Business Solutions Monitors, Car Infotainment, Telematics, Digital Signage Solutions LG Display (Korean: LG ʅuܥƑŝ, KRX: 034220) is the world's second largest LCD maker,[1] after Samsung Electronics. Currently, the two South Korean companies together exceed 50% of the global LCD market[2]. LG Display is headquartered in Seoul, South Korea. LG Display was originally formed as a joint venture by the Korean electronics company LG Electronics and the Dutch company Koninklijke Philips Electronics in 1999 to manufacture active matrix liquid crystal displays (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off its all shares in late 2008.[3] On December 12, 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on February 29. The company claimed the name change reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management. The company has eight manufacturing plants in Gumi and Paju, South Korea. It also has a module assembly plant in Nanjing and Guangzhou in China and Wroclaw in Poland. LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange (NYSE: LPL) and the South Korean Stock Exchange LG INDIA LCD TV MICROVAVE OVEN REFRIGERATOR ROOM AC MOBILE WASHING MACHINE LG PRODUCTS TV/AUDIO/VIDEO- LCD TV,LCD LED TV,PLASMA TV,COLOR TV,HOME THEATRE SYSTEM MUSIQ SYSTEM DVD PLAYERS BLUERAY PLAYERS MOBILE PHONES COMPUTER PRODUCTS-LED MONITOR,LCD MONITOR,PROJECTOR,OPTICAL MEDIA,DIGITAL PHOTO FRAMES HOM,E APPLIANCES- The company was originally established in 1958 as Goldstar, producing radios, TVs, refrigerators, washing machines, and air conditioners. The L.G group was a merger of two Korean companies Lucky and Goldstar. Is the second largest producer of television and third largest producer of mobile phones. l.g. india : l.g. india LG Electronics India Pvt. Ltd., a wholly owned subsidiary of LG Electronics, South Korea was established in January, 1997 after clearance from the Foreign Investment Promotion Board (FIPB). LG set up a state-of-the art manufacturing facility at Greater Noida, near Delhi, in 1998, with an investment of
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