LG Electronics 656589 224282083 2008-07-08T03:50:21Z 122.107.27.101 /* Company history */ {{Infobox Company | company_name = LG Electronics | company_logo = [[Image:LG Electronics.svg]] | vector_logo = | company_type = [[Public company|Public]] | genre = | foundation = 1958 | founder = | location = {{flagicon|South Korea}} [[Seoul]], [[South Korea]] | origins = | key_people = [http://www.lge.com/about/corporate/executives_01_biography.jsp Yong Nam], Vice Chairman & CEO | area_served = | industry = Mobile Communication, Digital Display, Digital Appliance and Digital Media | products = | revenue = {{profit}} $68.8 billion USD | operating_income = | net_income = | num_employees = 82,772 (29,948 in Korea/ 52,824 overseas) - as of 2006 | parent = [[LG Group]] | divisions = | subsid = | owner = | company_slogan = Life's Good | homepage = [http://www.lge.com LG Electronics Worldwide] | dissolved = | footnotes = }} {{Infobox Korean name| hangul=엘지전자|hanja=LG電子|rr=|mr= }} '''LG Electronics''' ({{kse|066570}}, {{lse|LGLD}}) is a [[South Korea]]n [[multinational corporation]]. It is South Korea's second largest electronics maker and the world's third largest appliance maker.[http://www.marketwatch.com/news/story/lg-electronics-sees-strong-home/story.aspx?guid=%7B92C23299-5061-46FA-AA17-A15063A7BB4F%7D] With headquarters in the [[LG Twin Towers]] on [[Yeouido]], [[Seoul]], LG Electronics is the flagship company of [[LG Group]], one of the largest [[chaebol]]s. The company has 75 subsidiaries worldwide that design and manufacture televisions, home appliances, and telecommunications devices. LG Electronics owns [[Zenith Electronics]] and controls [[LG Displays]], a joint venture with [[Philips Electronics]].[http://www.hoovers.com/lg-electronics/--ID__55961--/free-co-profile.xhtml] == Summary == By 2005, LG was a Top 100 global brand and in 2006, LG recorded a [http://bwnt.businessweek.com/brand/2006 brand growth of 14%]. Now the world's [http://uk.lge.com/ir/html/ABboards.do?action=read&group_code=AB&list_code=PRE_MENU&seq=5458&page=1&target=pressreleases_read.jsp largest plasma panel manufacturer], its affiliate, [[LG Display]], is one of the largest manufacturer of liquid crystal displays. Also in 2006, the company's [[mobile phone]] division, LG Mobile, marketed the [[LG Chocolate]]<sup>TM</sup> phone, changing the company's image of the maker of thick 3G phones. It now focuses on the design and marketing of phones such as the [[LG Shine]] and [[LG Prada (KE850)]]. 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 [[Virtual community|online communities]]. They also sponsor English Premier League club, Fulham FC. [[Image:Billboards at dundas square.jpg|right|thumb|Billboards at [[Dundas Square]] in [[Toronto]], [[Canada]], featuring an LG advertisement.]] In 2006, its net income was $226 million, on total revenues of $24.7 billion.[http://www.hoovers.com/lg-electronics/--ID__55961,ticker__--/free-co-fin-factsheet.xhtml] == Company history == The company was originally established in 1958 as GoldStar, producing radios, TVs, refrigerators,washing machines, and air conditioners.[http://www.lge.com/about/corporate/history.jsp] The LG Group was a merger of two Korean companies, 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 [[brand]] name of ''Lucky'', while [[electronic products]] were sold under the brand name of ''GoldStar'' ([[Hangul]]:금성). The GoldStar brand is still perceived as a discount brand. ' In 1994 Goldstar gained sponsorship from The 3DO Company to make the first 3DO Interactive multiplayer. It was very pricey, but is examined to be the best out of all of the 3DO Systems. In 1995, GoldStar was renamed LG Electronics, and acquired [[Zenith Electronics]] of the United States. == Sponsorship == LG Electronics sponsored the [[England|English]] football club [[Leicester City F.C.|Leicester City]] and Weyside Rovers (Guildford) from [[2000]] until [[2002]]. LG Electronics currently sponsors the [[England|English]] football club [[Fulham F.C.|Fulham F.C]], the Brazilian football club [[São Paulo Futebol Clube|São Paulo F.C.]], AEK from Greece, the [[International Cricket Council]], [[Australia]]n Football League club the [[Fremantle Football Club]] and [[National Rugby League]] club [[Cronulla Sharks]]. == Business divisions == '''Mobile communications''' Currently number five, LG Electronics is expected to become the fourth largest handset maker in 2008.[http://www.telecomtiger.com/fullstory.aspx?storyid=1302] LG Electronics USA has a variety of handsets on their website at [http://us.lge.com/products/category/list/mobile%20phones.jhtml Mobile Phones - LG Electronics USA]. '''Digital appliance''' The home appliance division makes products like refrigerators, air conditioners and washing machines. Its 2007 sales totaled KRW 11.8 trillion, accounting for 29% of the company's total revenue. The division's profit was KRW 717.1 billion. About 35% of the company's home appliance revenue comes from the North American market.[http://www.marketwatch.com/news/story/lg-electronics-sees-strong-home/story.aspx?guid=%7B92C23299-5061-46FA-AA17-A15063A7BB4F%7D] '''Digital display''' [[Plasma display|Plasma TVs]], [[Liquid crystal display television|LCD TVs]], Micro Display Panel TVs, Monitors, PDP Modules, [[Organic light-emitting diode|OLED]] Panels, [[Universal Serial Bus|USB]] Memory, Flat Panel [[Computer Monitors]] '''Digital media''' [[Home cinema|Home Theater]] Systems, [[DVD recorder|DVD Recorders]], Super Multi DVD Rewriters, CD±RW, Notebook PCs, Desktop PCs, PDAs, PDA Phones, [[Digital audio player|MP3 Players]], New Karaoke Systems, Car Infotainment == Company brands == [[Image:Lgairconditioner.JPG|thumb|right|250px|LG [[air conditioner]]]] * [[& (Brand)|&]] - MP3 Player * [[Cyon]] - Mobile phone * [[Dios]] - Premium appliance (before LG's home refrigerator brand) * [[Flatron]] - [[Computer display|computer monitor]], TV * [[IrisAccess]] - Iris recognition * [[Plato (disambiguation)|Platon]] - CRT TV * [[Super Multi]] - Trademark for DVD+R(W)/-RAM burners * [[Whisen]] - Air conditioner * [[Xcanvas]] - PDP & LCD HDTV * [[Xnote]] - [[Laptop|laptop computer]] * [[XD Engine]] - TV Technology * [[Xpion]] - [[Desktop computer]] == See also == * [[Economy of South Korea]] * [[Electronics]] * [[LG Telecom]] * [[LG Powercom]] * [[LG Prada (KE850)]] * [[List of Korea-related topics]] * [[List of LG mobile phones]] == External links == * [http://www.lge.com LG Electronics Global Website] * [http://www.lge.co.kr LG Electronics Korea Website] * [http://www.lgmobile.com LG Mobile Website] * [http://www.lgblog.co.uk Official LG UK Blog] * [http://www.lgvideocontest.com "Life's Good When..." LG Video Contest] * [http://www.youtube.com/lgvideocontest LG Video Contest YouTube Channel] </br> {{LG phones}} {{LG Electronics}} {{LG Group}} {{IT giants}} [[Category:Electronics companies of South Korea]] [[Category:Brands]] [[Category:South Korean brands]] [[Category:Consumer electronics brands]] [[Category:Display technology companies]] [[Category:Home appliance manufacturers]] [[Category:Mobile phone manufacturers]] [[de:LG Electronics]] [[es:LG Electronics]] [[ko:LG전자]] [[it:LG Electronics]] [[hu:LG Electronics]] [[ja:LG電子]] [[pt:LG Electronics]] [[su:LG Electronics]] [[sv:LG Electronics]]