LG Corporation was formerly known as Lucky-Goldstar and is a multinational conglomerate corporation of South Korea.
Image: company website
It is headquartered in Yeouido-dong, in the twin LG towers in Seoul in South Korea and it is one of the largest company of South Korea. LG has diversified in various fields and makes telecom and chemical products and electronics, and it operates through subsidiaries like Zenith, LG Electronics, LG Display, LG Chem and , LG Uplus in more than 80 countries.
Since 2001, LG has had many joint ventures. The notable ones are with Royal Philips Electronics which are named as and LG Philips LCD and LG Philips Display although Philips sold its shares in 2008. LG’s other notable joint venture was with Nortel Networks, which was branded as LG-Nortel Co. Ltd.
In 2012, a market research company comScore published a report stating that LG has lost its second place in terms of mobile subscriber base in the U.S. to the Apple Inc.
But in early 2013, another research company Counterpoint Research released a report announcing that LG has beaten Apple to gain its second spot in US in terms of market share.
The company has a logo which has a circle having the letters "L" and "G", placed in such a way to give it a shape of smiling human face.
According to reports in 2016, LG has reported an operating profit likely to reach a two year high. According to Thomson Reuters report LG has stated in filing that its latest quarter profit was $504 million compiled from estimates coming from analyst working in Thomson Reuter’s survey. LG's home appliances and television set leads the way in the electronics market.