LG Electronics Inc. is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is part of the fourth-largest chaebol in South Korea. It is the world's second-largest television manufacturer and the world's third-largest mobile phone manufacturer.
Year | Industry | Country | Founder | Product/Business | No. of Employees | Location of Headquarters | Company Website |
---|---|---|---|---|---|---|---|
1958 | Electronics | South Korea | Koo In-Hwoi | Electronics, Chemicals, Telecommunications | 72,000 (2020) | Yeouido-dong, Seoul, South Korea | LG Electronics |
LG Electronics Inc. is a leading global manufacturer of consumer electronics, home appliances, and mobile communications. The company has a wide range of products and services, including home appliances, mobile phones, TVs, home cinema systems, air conditioners, computer monitors, and automotive infotainment systems. LG Electronics was founded in 1958 as GoldStar, and was renamed LG Electronics in 1995.
LG Electronics is divided into four business units: Home Entertainment, Mobile Communications, Home Appliance & Air Solutions, and Vehicle Components. The Home Entertainment division produces televisions, monitors, projectors, and audio systems. The Mobile Communications division produces a wide range of mobile phones, tablets, and wearable devices. The Home Appliance & Air Solutions division produces a variety of home appliances, such as refrigerators, washing machines, and air conditioners. The Vehicle Components division produces automotive infotainment systems, navigation systems, and automotive components.
LG Electronics has operations in over 100 countries and employs over 72,000 people worldwide. The company has its headquarters in Seoul, South Korea, and its research and development centers are located in the United States, China, India, and Europe.
LG Electronics was founded in 1958 as GoldStar by Koo In-Hwoi. GoldStar began as a small electronics company and was later renamed Lucky GoldStar in 1983. In 1995, the company changed its name to LG Electronics and began to expand its operations worldwide.
In 1998, LG Electronics launched its first mobile phone, the LG GX300. This was followed by the launch of the world's first flat-screen television, the LG Flatron, in 2000. In 2001, LG Electronics acquired Zenith Electronics, a U.S.-based television manufacturer. This acquisition allowed LG Electronics to become a major player in the global television market.
In 2006, LG Electronics launched its first OLED television, the LG OLED TV. This was followed by the launch of the world's first curved OLED television, the LG Curved OLED TV, in 2013. LG Electronics has continued to innovate and launch new products, such as its line of LG ThinQ AI-powered home appliances.
LG Electronics is committed to creating a safe and supportive work environment for its employees. The company has a variety of programs and initiatives to promote a healthy work-life balance, such as flexible work hours, telecommuting, and vacation days. LG Electronics also provides a variety of benefits, such as health insurance, paid vacation, and retirement plans.
LG Electronics is also dedicated to promoting diversity and inclusion within its workforce. The company has a variety of programs and initiatives to support diversity and inclusion, such as its Global Diversity & Inclusion Council, which develops and implements programs to promote diversity and inclusion within the company.
LG Electronics is committed to creating a sustainable and responsible business. The company has a variety of initiatives to reduce its environmental impact, such as its Eco-Friendly Products Program and its Energy Management System. LG Electronics also has a variety of initiatives to promote social responsibility, such as its Corporate Social Responsibility (CSR) program, which focuses on creating social value through its products and services.
LG Electronics offers a wide range of consumer electronics, home appliances, and mobile communications products and services. These include televisions, monitors, projectors, audio systems, mobile phones, tablets, wearable devices, home appliances, air conditioners, computer monitors, and automotive infotainment systems.
LG Electronics has a variety of technologies that are used in its products and services. These include OLED technology, which is used in its OLED televisions and monitors; ThinQ AI technology, which is used in its home appliances; and webOS, which is used in its smart TVs. LG Electronics also has a variety of other technologies, such as its advanced sound systems, its energy-efficient air conditioners, and its automotive infotainment systems.
LG Electronics is part of the fourth-largest chaebol in South Korea, LG Corporation. LG Corporation is a conglomerate that has a wide range of subsidiaries and affiliates, including LG Chem, LG Display, LG Uplus, and LG Household & Health Care.
LG Electronics has been criticized for its labor practices. In 2018, the company was accused of unfair labor practices, including the use of temporary workers and the lack of job security. LG Electronics has also been criticized for its environmental practices, such as its use of hazardous chemicals in its products.
LG Electronics has been involved in a number of philanthropic initiatives. In 2020, the company launched its “LG Gives” program, which provides financial support to various charities and organizations. The company has also partnered with UNICEF to support its global education initiatives.