LG Electronics

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LG Electronics
Type Public
Founded 1958
Headquarters Seoul, South Korea
Key people Kim Ssang-Su, CEO & Vice Chairman
Industry Mobile Communication, Digital Display, Digital Appliance and Digital Media
Revenue $48.5 billion USD
Employees 82,772 (29,948 in Korea/ 52,824 overseas) - as of 2006
Parent LG Group
Slogan Life's Good
Website LG Electronics Worldwide

LG Electronics (Hangul:엘지전자, KSE: 066570, LSE: LGLD) is one of the world's leading electronics companies. It is part of the Korean LG Group, operating in approximately 80 countries. The previous company name was Lucky-Goldstar, from which the abbreviation of LG was derived. Their slogan encourages the public to assume that LG stands for "Life's Good", but this is a backronym.

LG Electronics is viewed by many Koreans as a symbol of national pride and 'can do' spirit along with its Korean rival, Samsung Electronics. The two leading companies also represent the miracle of the Korean economy and South Korea's leadership in Information Technology, Electronics, Science & Next-Generation Technology, including Biotechnology & Robotics.

Since the start of the 21st century, LG Electronics saw a tremendous rate of growth, especially from 2006, where the company's mobile phone division, LG Mobile, started to properly 'take off' with the hugely popular LG Chocolate phone, changing the company's image of the maker of 'fat' 3G phones. This major movement was very successful and the company continues this trend and having one of the largest design teams in Korea, it now focuses on design, brand and creating stylish phones such as the LG Shine and LG Prada phone. As a result, the company was picked as 'The Design Team of the Year' by the Red Dot Design Award in 2006~2007 and is often called the "New Apple' or "New Sony' in the industry and online communities.

LG's efforts to become one of the world's top three electronics company by 2010 is annually reflected by its high revenue growth and increased brand value - by 2005, LG was in the league of the Top 100 global brands and just a year later, LG recorded an impressive brand growth of 14%. Already the world's largest plasma panel manufacturer, its joint venture, LG.Philips LCD, is the world's top maker of liquid-crystal displays for TVs.

LG Electronics is also a pioneering developer that facilitated commercialization of iris recognition technology in 1999, who is now the world's leader in deployed iris recognition technology systems for security, convenience, privacy enhancement, productivity and other identity-dependent applications. 

Billboards at Dundas Square in Toronto, featuring an LG ad.
Billboards at Dundas Square in Toronto, featuring an LG ad.

Contents

Before the corporate name change from Lucky-Goldstar to LG, many electronic products were sold under the brand name Goldstar (Hangul:금성), while some other household products (not available outside South Korea) were sold under the brand name of Lucky. The Goldstar brand is still available but is a lower quality brand than the LG brand.

Mobile Communications Company

CDMA Handsets, GSM Handsets, 3G Handsets, Cellular Phones


Digital Appliance Company

Air Conditioners, Refrigerators, Microwave Ovens, Washing Machines, Vacuum Cleaners, HomeNet, Compressors for Air Conditioners and Refrigerators


Digital Display Company

Plasma TVs, LCD TVs, Micro Display Panel TVs, Monitors, PDP Modules, OLED Panels, USB Memory, Flat Panel Computer Monitors


Digital Media Company

Home Theater Systems, DVD Recorders, Super Multi DVD Rewriters, CD±RW, Notebook PCs, Desktop PCs, PDAs, PDA Phones, MP3 Players, New Karaoke Systems, Car Infotainment

  • XCANVAS - LG's PDP & LCD HDTV brand
  • FLATRON - LG's computer monitor brand
  • XNOTE - LG's laptop computer brand
  • XPION -LG's desktop computer brand
  • WHISEN - LG's air conditioner brand
  • DIOS - LG's premium appliance brand (before LG's home refrigerator brand)
  • TROMM - LG's home washing machine brand
  • CYON - LG's mobile phone brand
  • Super Multi - Trademark for DVD+R(W)/-RAM burners coined by LG.
  • & - LG's MP3 Player brand
  • IrisAccess - LG's iris recognition platform brand

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