Summary
LG Group is a major conglomerate with key subsidiaries in electronics (LG Electronics, LG Display, LG Innotek), chemicals (LG Chem, LG Energy Solution, LG Household & Health Care), and telecommunications services (LG Uplus, LG HelloVision, HS Ad, LG CNS, D&O, LG Business Development Institute, LG Sports). It ranks 4th among South Korea’s business conglomerates.
Timeline
▲ January 1947 = Establishment of Lak Hui (Lucky) Chemical Co., Ltd. (now LG Chem); production of Korea’s first cosmetics product “Lucky Cream.”
▲ October 1958 = Establishment of Goldstar Co., Ltd. (now LG Electronics).
▲ November 1959 = Production of the first Korean radio, A-501, by Goldstar Co., Ltd.
▲ April 1965 = Production of the first domestic refrigerator by Goldstar Co., Ltd.
▲ August 1966 = Production of the first 19-inch black and white TV in Korea by Goldstar Co., Ltd.
▲ May 1967 = Establishment of Honam Oil Refinery (now LG Chem).
▲ February 1976 = Goldstar Co., Ltd.’s TV production exceeds 1 million units.
▲ August 1977 = Goldstar Co., Ltd. starts mass production of 19-inch color TVs.
▲ May 1981 = Goldstar Co., Ltd. develops the first electronic VCR in Korea.
▲ January 1983 = Name of Lucky Group is changed to Lucky Goldstar Group.
▲ January 1987 = STM Co., Ltd. is established (now LG CNS).
▲ January 1995 = Name of Lucky Goldstar Group changed to LG.
▲ July 1995 = LG Electronics acquires Zenith Corporation.
▲ July 1996 = Establishment of LG Telecom (now LG U+).
▲ August 1999 = Establishment of LG Philips LCD.
▲ April 2001 = LG Chem splits into three companies.
▲ June 2004 = LG Electronics named “World’s Best IT Company” by Business Week.
▲ January 2005 = LG and GS separate into two groups.
▲ March 2006 = LG Philips LCD develops world’s largest 100-inch LCD.
▲ January 2009 = LG Chem supplies batteries for GM’s electric cars.
▲ March 2010 = LG Electronics exports Korea’s first 3D TVs.
▲ July 2010 = LG Chem opens electric vehicle battery factory.
▲ July 2011 = LG U+ launches 4G LTE commercial service.
▲ February 2012 = LG Chem selected as world’s best electric car battery company.
▲ March 2015 = LG Chem achieves No.1 market share in China for polarizers.
▲ March 2016 = LG Electronics launches “LG Signature” premium appliances.
▲ January 2017 = LG Chem merges with LG Life Sciences.
▲ January 2018 = LG Display develops world’s first 88-inch 8K OLED display.
▲ June 2018 = Koo Kwang-mo is inaugurated as CEO of LG Corp.
▲ January 2019 = LG Electronics’ “Rollable OLED TV” debuts at CES 2019.
▲ December 2019 = LG Chem establishes an electric vehicle battery joint venture with GM of USA.
▲ October 2020 = LG Electronics launches “LG SIGNATURE OLED R.”
▲ December 2020 = LG Chem launches “LG Energy Solution.” LG launches “LG AI Research.”
▲ March 2021 = LG approves holding company spin-off - LX Holdings is established.
▲ July 2021 = LG Electronics and Magna International launch Joint Venture “LG Magna e-Powertrain.”
▲ January 2022 = LG Energy Solution is listed on KOSPI.
▲ February 2022 = LG AI Research unveils “Tilda.”
▲ March 2022 = LG Smart Park is selected as a “Lighthouse Factory” by WEF.
▲ June 2022 = LG signs Art & Tech Partnership with “Guggenheim Museum.”
▲ September 2022 = LG Electronics launches World’s Largest 97 Type OLED TV.
▲ October 2022 = LG Chem acquires “Aveo,” a U.S. Bio-venture.
▲ February 2023 = LG OLED TV leads global market for 10 consecutive years.
▲ March 2023 = LG Electronics launches “LG Styler ShoeCase · ShoeCare.”
▲ July 2023 = LG unveils “EXAONE 2.0.”
▲ September 2023 = LG Electronics launches Korea’s First Foldable Laptop “LG Gram Fold.”
▲ November 2023 = LG Twins wins the 2023 Korean Series championship.
