LG Group

LG Group

Infobox_Company
company_name = LG Group
company_
company_type = Public (Kse|003550)
foundation = 1947 in Busan, South Korea
location = flagicon|South Korea Seoul, South Korea
key_people = Koo Bon-Moo, CEO
industry = Conglomerate
num_employees =160,000 [http://www.lg.co.kr/korean/about/overview/overview.jsp] (2006)
revenue = profit $94.8 billion [ [http://www.lg.co.kr/about/business_status.jsp LG > LG소개 > LG현황 ] ] (2007)
company_slogan = Life's Good
homepage = [http://www.lg.net www.lg.net]

LG Group is a large South Korean conglomerate ("chaebol"), that produces electronics, mobile phones, and petrochemical products and operates subsidiaries like LG Electronics, LG Telecom, Zenith Electronics and LG Chem in over 80 countries. LG Group sponsors the LG Cup Go Tournament.

Created as an appliance company in 1947 named GoldStar (금성, 金星), it later merged with the chemical company Lucky. 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. The Lucky brand was famous for its hygiene products line such as soaps and Hi-Ti laundry detergents, but most associated with its Lucky and Perioe toothpaste.

In 1995, it was renamed "LG", the abbreviation of "Lucky GoldStar". More recently, the company associates its tagline "Life's Good", with the letters LG.

Companies

Since 2001, LG has two joint ventures with Royal Philips Electronics: LG Philips Display and LG.Philips LCD. LG has entered into a joint venture with Nortel Networks and has created LG-Nortel Co. Ltd.

LG also has a joint venture with Hitachi, Hitachi-LG Data Storage, which manufactures optical data storage products like DVD-ROM drives, CD writers, etc. LG has owned the LG Twins baseball club since 1989. LG also developed the Chocolate series of mobile phones.LG acquired American television manufacturing company Zenith in 1999.

Associated companies

*GS Group
*LS Group
*LIG Group

Group families

* LG Chemical (LG Chem)
* LG CNS
* LG Corporation
* LG CS Leader
* LG Dacom Crossing
* LG Dacom MI
* LG Dacom
* LG Display
* LG Dow Chemical
* LG Economy Institute
* LG Electronics
* LG Hi-Logistics
* LG Hi-Plaza
* LG Innotek
* LG International
* LG Life Sciences
* LG Micron
* LG MMA
* LG N-Sys
* LG Petro Chemical
* LG Powercom
* LG Serveone
* LG Solar Energy
* LG Soft India [http://www.lgsoftindia.com/ LG Soft India]
* LG Telecom
* LG Twins
* LG V-ENS
* Serveone
* Siltron
* Zenith Electronics

Joint ventures

* Hitachi-LG Data Storage
* LG-Nortel Co. Ltd.
* LG Philips Display
* LG.Philips LCD

Flawed products

In 2003 LG released a CD-Rom unit that violated the ATAPI specification in that the FLUSH_CACHE command was reused for a WRITE_FIRMWARE command which rewrites the firmware in an uncontrolled manner instead of properly returning an error or ignoring the command. Only CD-RW or DVD-RW units are supposed implement this command. The aftermath included bricked products. [cite web|title=|url=http://lists.clug.org.za/pipermail/clug-tech/2003-November/011587.html 080923 lists.clug.org.za] [cite web|title=Mandrake Linux ate my CD drive The Register|url=http://www.theregister.co.uk/2003/10/29/mandrake_linux_ate_my_cd/ 080923 theregister.co.uk] [cite web|title=Slashdot | LG CD-ROMs Destroyed by Mandrake 9.2|url=http://slashdot.org/article.pl?sid=03/10/25/1737244&mode=thread&tid=137&tid=147&tid=187 080923 slashdot.org] [cite web|title=CD-Rom doesnt work | KernelTrap|url=http://kerneltrap.org/node/1765 080923 kerneltrap.org]

See also

* Economy of South Korea

References

External links

* [http://www.lgsoftindia.com/ LG Soft India]
* [http://www.lg.co.kr/korean/ LG Official Korean website]
* [http://www.lg.net/ LG Official English website]
* [http://www.lg.ca/ LG Official Canadian Website]
* [http://www.lg.net/about/overview.jsp LG companies]
* [http://biz.yahoo.com/ic/41/41185.html Yahoo! - LG Group company profile]


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