"Our Businesses - The Official Site of LG Group".
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LG also operates the Coca-Cola Korea Bottling Company, manages real estate, offers management consulting, and operates professional sports clubs. Its telecom products include long-distance and international phone services, mobile and broadband telecommunications services, as well as consulting and telemarketing services. In the chemical industry, subsidiaries manufacture and sell products including cosmetics, industrial textiles, rechargeable batteries and toner products, polycarbonates, medicines, and surface decorative materials. Its electronics subsidiaries manufacture and sell products ranging from electronic and digital home appliances to televisions and mobile telephones, from Thin-film-transistor liquid-crystal displays to security devices and semiconductors. LG Corporation is a holding company that operates worldwide through more than 30 companies in the electronics, chemical, and telecom fields. Smartphone Subscriber Market Share that found LG fell to fifth place in the U.S mobile market share. On 7 August 2013, comScore released a report of the June 2013 U.S. On 20 January 2013, LG has overtaken Apple to become second largest in U.S.
Mobile Subscriber Market Share that found LG lost its place as second in the U.S. On 30 November 2012, comScore released a report of the October 2012 U.S. The new joint venture will manufacture components used in electric cars such as electric motors, inverters and onboard chargers. In 2020, LG and Canadian auto supplier Magna International launched a joint venture known as LG Magna e-Powertrain. In 2005, LG entered into a joint venture with Nortel Networks, creating LG-Nortel Co. LG had two joint ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD, but Philips sold off its shares in late 2008. The first JV between the two is LG Hitachi, which has been around since 1980s when it was established to import computers to Korea. Since then Hitachi has transferred technologies for LG's products such as radios, wires, TVs, home appliances, semiconductors, etc. LG and Hitachi created joint ventures named Hitachi-LG Data Storage in 2000 and LG Hitachi Water Solutions in 2011 among other partnerships it has had, LG has a long relationship with Hitachi dating back to the early years of Goldstar. Koo Bon-moo adopted his nephew in 2004, after losing his only son in 1994, citing "a family tradition of male-only succession".
In July 2018, it was announced that Koo Kwang-mo, the nephew and adopted son of Koo Bon-moo, will be the new CEO of LG.
Since 2009, LG has owned the domain name LG.com. The company also associates the letters LG with the company's tagline "Life's Good". Koo Bon-moo renamed the company to LG in that year. He then passed the leadership to his son, Koo Bon-moo, in 1995. Koo In-hwoi led the corporation until his death in 1969, at which time, his son Koo Cha-kyung took over. LG continues to manufacture some of these products for the South Korean market, such as laundry detergent. The Lucky brand was famous for hygiene products such as soaps and HiTi laundry detergents, but the brand was mostly associated with its Lucky and Perioe toothpaste. Many consumer electronics were sold under the brand name GoldStar, while some other household products (not available outside South Korea) were sold under the brand name of Lucky. GoldStar produced South Korea's first radio.
Both companies Lucky and GoldStar merged to form Lucky-Goldstar in 1983. As the company expanded its plastics business, it established GoldStar Co. In 1952, Lak Hui (락희) (pronounced "Lucky" now LG Chem) became the first South Korean company to enter the plastics industry. LG Corporation was established as Lak Hui Chemical Industrial Corp.
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