LG was the first company to enter the plastic industry in Korea. With the entry in plastic industry, GoldStar Co. Ltd. got established in the year 1958. Goldstar was the first company to produce Radio. But there were many electronics that ran under the name of GoldStar and some others which were under the name of Lucky. Lucky got famous for soaps and detergent powders. Some of these products are still there in the Korean market. In 1995, the company was renamed “LG” and the tagline for the company is ‘Life’s Good’.
The company formed a joint venture with BM but it did not work and it got terminated very soon. Then in the year 2001, two joint ventures were formed. This was with Royal Philips Electronics for the LG Philips Display and the Philips LCD.
“LG Electronics History”
In 1958, LG Electronic was founded as GoldStar. The group was formed through the merger of two Korean companies, Lak-Hui (pronounced “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 brandname of Lucky, while electronic products were sold under the brand name of GoldStar LG Electronics produces Korea’s first radios, TVs, refrigerators, washing machines, and air conditioners.
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 the US electronics company Zenith. In 1997, LG Electronics made world’s first CDMA digital mobile handsets and supplied to Ameritech and GTE in U.S. Achieves UL certification in U.S. In 1998, LG developed world’s first 60-inch plasma TV. In 1999, LG established LG Philips LCD with Philips.
By 2005, LG was a Top 100 global brand, and in 2006, LG recorded a brand growth of 14%. Its display manufacturing affiliate, LG Display, is now the world’s largest plasma panel manufacturer. LG Solar Energy is a subsidiary formed in 2007 to allow LG Chem to supply polysilicon to LG Electronics for production of solar cells.
On December 5, 2012, the antitrust regulators of European Union fined LG Electronics and several other major companies for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade. In January 2009 LG was able to buy the domain name LG.com for low six figures USD. 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. LG has produced camcorders called ARTCAM and DSLRs.”
List of LG Products
LG 28 LTR MC2886BRUM Convection (with Rotisserie) Microwave Rs. 18,890
LG 190 Ltr 4 Star GL-B201AMHL Single Door Refrigerator – Marine Heart Rs.14, 397
LG 260 Ltr 4 Star GL-I292RPZL Double Door Refrigerator – Shiny Steel Rs.24,899
LG 1 Ton 3 Star LSA3AU3A Split Air Conditioner – White Rs.29,759
LG 9.5 Kg P1515R3SA Semi-Automatic Top Load Washing Machine Rs. 17,990
LG VS8401SCW Handheld Vacuum Cleaner Rs. 23, 500
LG 7.5 T8577TEELY Fully Automatic Top Load Washing Machine Silver & Burgandy Rs. 28, 910
LG 260 Ltr 3 Star GL-T292RHSM Double Door Refrigerator [with Dual Fridge Feature] – Hazel Spring Rs. 25,805
LG 7 Kg T8077TEELX Fully Automatic Top Load Washing Machine Dark Red Rs. 28,750
LG 7.5 Kg P8539R3SM Semi Automatic Top Load Washing Machine Dark Grey Rs. 13,890
LG 190 LTR 5 Star GL-B201AMLN Direct Cool Refrigerator – Marine Lily Rs.15,501
LG 6 Kg FH0B8NDL22 Fully Automatic Front Load Washing Machine White Rs. 27,488
LG 20 LTR MS2021CW Solo Microwave Oven Rs. 6,157
LG 6.5 Kg P7556R3FA Semi Automatic Top Load Washing Machine Dark Blue Rs.11,690
LG 6 Kg T7070TDDL Fully Automatic Top Load Washing Machine Blue White Rs. 14, 637
LG 1.5 Ton 5 Star LSA5AU5A Split Air Conditioner – White Rs. 37,719
LG 1.5 Ton Inverter JS-Q18APXD1/JSQ18APXD1 Split Air Conditioner Rs. 39,982
LG 9.5 Kg P1515R3SA Semi-Automatic Top Load Washing Machine (With Rat Away Technology) Rs.17,990
LG 1.5 Tonnes 3 Star LWA5GW3A Window Air Conditioner White Rs. 27400
LG 215 Ltr 5 Star GL-B221APAN Single Door Refrigerator – Purple Aster Rs. 18,582
LG 21 Ltrs MC2146BP Convection Microwave Oven Black Rs. 12,590
Lg 60cm 24 Hd Ready Led Tv Rs.11,670
Lg 108cm 43 Full Hd Smart Led Tv Rs.37,900
Lg 80cm 32 Hd Ready Led Tv 17,999
Lg 108cm 43 Ultra Hd 4k Smart Led Tv Rs.64, 367
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