To talk about the LG brand is to talk about one of the main brands worldwide in home appliances and consumer electronics, but the LG corporation is that and much more, a gigantic conglomerate with an annual turnover of more than 100.000 billion dollars, which has an extensive history.

LG History

LG's history begins in 1947, with the birth of LuckyChemical Co., Ltd., a company oriented to the chemical industry. In 1948, he established his first cosmetic laboratory in Seoul, the Korean capital.

In the following years, the company grew and made new developments (for example, it introduced the first injection molding machine in Korea), and In 1953 it merged with another chemical company, Dongyang Electrochemical Industrial, giving rise to Lucky Industry..

1958: birth of Goldstar

In 1958, Goldstar Co., Ltd. was born, the seed of today's LG Electronics., which a year later released the first Korean-made radio, the A-501 model, and in 1961 released the country's first automatic telephone.

In 1962, he began a collaboration with the Japanese company Hitachi., through which some Goldstar engineers went to train at the Hitachi factory in Japan, and achieved its first exports to the United States.

In 1965 it expanded its range of products to include large household appliances., starting to produce refrigerators. In the following years it also produced televisions, air conditioning systems and washing machines, as well as elevators and escalators.

The seventies represent a strong advance for the company, focused on growth based on research and development, and in March 1970 Goldstar began trading on the stock market.

In 1976, its television production already exceeded one million units, and in 1977 began mass producing 19-inch color televisions.

In 1981 he developed a video recorder and various personal computers (PC's).

In 1983 the name was changed from Lucky Group to Lucky Goldstar Group.

In 1987, the Lucky Goldstar Twin Towers (today, LG Towers) were built, an emblem of the company., on the banks of the Han River. Today, both buildings house the 70 companies that make up the LG conglomerate: the East tower houses LG Electronics, which represents 60% of the group, while the West tower houses LG Chemical. (one of the 10 most important chemical companies worldwide) and LG Telecom & Services.

1995: LG is born

1995 is another important year for the company, in which acquires its current name, LG.

Although many people believe that LG is an acronym for its slogan, Life is Good, in reality LG's name comes from its previous name, Lucky Goldstar.

In 1995 it acquired a significant part of Zenith Electronics, an American company founded in 1918, which was at that time the largest appliance company in the North American country, and in 1999 it would acquire the rest of the shares.

At the beginning of the XNUMXst century, it collaborated with the Dutch company Philips to bring to market some of the most advanced televisions in the world., such as the thinnest plasma screen, the first fifth-generation TFT-LCD production line or the first 55-inch LCD HDTV television.

In 2004 it became the world's first company in optical storage, being selected by Business Week magazine as the best information technology (IT) company in the world.

In 2005, LG's Whisen air conditioner occupies the first place in the world for the fifth consecutive year.

In 2007, LG develops—together with Philips— Flexible Color, the first electronic paper.

In 2009, supplies batteries for General Motors electric cars, precursors of the current ones.

In 2011, he launched the 4G LTE commercial service.

In 2014, develops the first flexible and transparent OLEDs in the world.

In 2016, LG washing machine sales reach 150 million units, and the group's chemical arm supplies batteries for NASA spacesuits.

In 2018, develops the world's first 8-inch 88K OLED display, and the production of its famous Inverter motors reaches 70 million units.

In 2019 it presents at the famous CES technology fair in Las Vegas the rollable oled tv.

That same year, he completed his macro washing machine factory in Tennessee, USA, and the modern facilities to manufacture OLED screens in Guangzhou, China.

In June 2020, LG wins first place in the most important artificial intelligence (AI) competition in the world.

In 2021 it continues with the automation of its factories, turning Changwon home appliance plant into a smart factory.

In 2022, LG AI Research launches the Expert AI Alliance, a large Artificial Intelligence alliance, in partnership with other world leaders, such as Google.

In addition, Smart Park technology park, located near the center of Seoul, and where around 22.000 people work, dedicated exclusively to R&D, is selected as a "lighthouse factory" by the World Economic Forum (WEF).

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