LG facts for kids

Quick facts for kids
LG Corporation

The LG logo used since December 30, 2014
The LG Twin Towers in Seoul, South Korea, where the company has its headquarters.
Native name	주식회사 엘지
Formerly	Lucky (1947–1983) Lucky-Goldstar (1983–1995)
Type	Public
Traded as	KRX: 003550
Industry	Conglomerate
Founded	5 January 1947; 78 years ago (1947-01-05) (as Lucky) October 1958; 66 years ago (1958-10) (as Goldstar) January 1983; 42 years ago (1983-01) (as Lucky-Goldstar) 4 January 1995; 30 years ago (1995-01-04) (as LG)
Founder	Koo In-hwoi
Headquarters	Seoul , South Korea
Area served	Worldwide
Key people	Koo Kwang-mo (chairman and CEO) Kwon Young-soo (vice chairman)
Products	Electronics Chemicals Telecommunications Engineering Information technology Power generation
Revenue	KRW 87.7 trillion (US$ 61.4 billion) (2024)
Owners	Koo family (45.9%) NPS (8.03%) Mirae Asset (5.5%)
Number of employees	222,000 (2023)
Subsidiaries	LG Electronics LG Display LG Innotek LG Uplus LG Chem LG Energy Solution LG H&H Zenith Electronics

LG Corporation, also known as LG Group, is a very large company from South Korea. A company like LG, which owns many smaller companies in different industries, is called a conglomerate. It was founded in 1947 by a man named Koo In-hwoi.

LG is the fourth-largest company in South Korea and is run by the founder's family. Its main office is in the LG Twin Towers building in Seoul. The company makes many different products, including electronics, chemicals, and items for telecommunications.

LG operates in over 80 countries around the world. It owns several well-known companies, such as LG Electronics, LG Display, and LG Chem.

The History of LG

The story of LG began in 1947 when it was started as a chemical company called Lak Hui Chemical Industrial Corp. Its first product was a face cream called "Lucky Cream," which was the first makeup cream made in Korea.

In 1952, the company, then known as Lak Hui (pronounced "Lucky"), became the first in South Korea to work with plastics. As the company grew, it started another company called GoldStar Co. Ltd. in 1958. This company would later become LG Electronics. In 1983, the two companies, Lucky and GoldStar, joined together to become Lucky-Goldstar.

From GoldStar to LG

GoldStar made South Korea's very first radio. For many years, electronics like TVs and radios were sold under the GoldStar brand. Other products, like soap and laundry detergent, were sold under the Lucky brand in South Korea. The Lucky brand was also famous for its toothpaste.

The founder, Koo In-hwoi, led the company until he passed away in 1969. His son, Koo Cha-kyung, then took over. In 1995, his son, Koo Bon-moo, became the leader and changed the company's name to LG. He also created the famous slogan, "Life's Good."

In 2018, after Koo Bon-moo passed away, his adopted son Koo Kwang-mo became the new CEO of LG. This continued the family tradition of leading the company.

The Famous LG Jingle

You might have heard the short, catchy tune at the end of LG commercials. This jingle was created in 2008. It is now recognized by people all over the world and is used in LG ads and on its devices.

How the LG Logo Has Changed

• 

  The first LG logo, used from 1995 to 2014.

• 

  A 3D version of the logo, used from 2008 to 2014.

• 

  The current main logo, used since 2014.

• 

  A newer, flat version of the logo, used as a secondary logo since 2023.

What Does LG Do?

LG Corporation is a holding company, which means it owns and manages over 30 other companies. These companies work in three main areas: electronics, chemicals, and telecommunications.

• Electronics: LG's electronics companies make everything from TVs and home appliances to cell phones and computer screens. They also create security devices and parts for other electronics.
• Chemicals: In the chemical industry, LG makes products like cosmetics, special fabrics, and rechargeable batteries.
• Telecommunications: LG also provides phone and internet services. This includes mobile phones and broadband internet.

In December 2021, LG started a new branch called LG AI Research. This part of the company works on developing artificial intelligence (AI).

Companies Owned by LG

Here are some of the major companies, or subsidiaries, that are part of the LG Group:

LG and Sports

LG is a big supporter of sports. The company owns a professional baseball team in South Korea called the LG Twins. It is also the main sponsor for the Changwon LG Sakers basketball team. In the United States, LG is a partner of the Texas Rangers baseball team.

Over the years, LG has also sponsored many famous soccer teams in Europe, including:

• Girondins de Bordeaux (1999–2000)
• Leicester City F.C. (2001–2003)
• Olympique Lyonnais (2004–2006)
• AEK Athens (2006–2009)
• Fulham F.C. (2007–2010)
• Bayer 04 Leverkusen (2013–2016)

See also

In Spanish: LG Corporation para niños