Top 10 Consumer Electronics Companies in the World 2017

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Lucky Goldstar (LG) is a South Korean multi-national company that focuses on the following four businesses – mobile communications, home entertainment, vehicle components and home appliances.

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The LG company, headquartered in Yeouido-dong, has a strong history as it started with the founding of the Lak Hui Chemical Industrial Corp in 1947, by Koo In-Hwoii. In 1952, the company started producing it became the first Korean company to enter the plastic industry and in 1954, the company introduced the Lak Hui dental cream, which was the first cream type toothpaste of the country.

1956 saw the firm producing the first PVC pipe of South Korea. In 1958, Goldstar Co. Ltd. Was formed. Electronic items were sold by this firm. In 1959, the company produced Korea’s first ever radio set. The country’s first refrigerator and television set were also soon released by LG in 1965 and 1966 respectively.

1982 saw the company establish its first overseas production house in the USA, and in 1989, LG bought a baseball ownership in Seoul. The company finally adopted its present name in the year 1995, and also adopted the tagline “Life’s Good”.

2001 saw the firm enter into a joint venture with Royal Philips Electronics.  2008 witnessed LG introduce world’s first LTE Mobile Model chip. LG became the world’s second largest LCD TV brand in 2009. In 2011, LG became the first company to launch shutter glass 3D TVs, and soon followed up this feat in 2012 by becoming the first company to introduce the 84 inch Ultra-HD TV. 2014 witnessed LG introducing the world’s first 4K OLED TV.

LG has over 2,20,000 employees at present, and has more than 40 subsidiaries spread over a range of industries such as the chemical, electronics and telecom industries. Some of the well-known subsidiaries of LG include, but are not limited to, Zenith, LG Display, LG Electronics, LG Chem, LG Hausys, Lusem, LG Uplus and Serveone.

Revenue (USD) : 11.66 Billion

Profit (USD) : 2.92 Billion

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