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LG company information By Mast Business Directory

LG Electronics Company Information By Mast Business


LG Electronics was founded in 1958 at Seoul, South Korea. This multinational company is the 2nd largest electronic products maker of South Korea and third largest appliance maker in the world. LG manufactures, develops and sells Digital Display, Digital Appliances, Digital Media and Mobile Communication products in international market. LG Electronics is a project of LG Group which earns a revenue of USD$68.8 billion. Yong Nam is the CEO & Vice Chairman of the company who is making it possible to spread the network of LG througout the world. Headquarter of LG Electronics is in LG Twin Towers at Seoul, South Korea.

There are more than 75 subsidiaries of the compnay in the world which designs, manufactures, market and sells televisions, different electronic products, home appliances and telecommunication devices. LG Electronics is the owner of Zenith Electronics and have a joint venture with Philips Electronics under the name of LG Display. Both the companies are putting their effort in manufacturing and developing the quality of their products. Some important subsidiaries of LG Group are LG Electronics, LG Telecom, LG Chem and Zenith Electronics in more than 80 countries.

In early years of 2000 the company acquired popularity in new makrets and earned more revenue. In 2005 and 2006 the company did a record business in the market of electronic products. LG is the largest plasma manufacturer of the world and LG Display is the largest manufacturer of liquid crystal displays. In 2006 the company focussed its attention on mobile phones and introduced LG Chocolate. The company developes the designs and functions of its mobile phone and marketed LG Shine and LG Prada which became very successful. LG Electronics picked as "The Design Team of the Year" by Red Dot Design Award in 2006 and 2007. It is also called “new Apple” & “new Sony” in the communities due to its products and management.

LG Electronics was established in 1958 as GoldStar. It was a manufacturer of refrigerators, TVs, air conditioners and washing machines. LG Group is the merger of Lucky and GoldStar, two Korean companies. L is taken from Lucky and G from GoldStar which formed LG Group. "Life's Good" is the slogan of the LG Electronics. Before the name of LG Electronics, Electronic goods were sold under the name of Lucky and similarly home appliances were sold under the name of GoldStar. Goldstar produces Interactive Multiplayer which was costly but it was very successful. In 1995 GoldStar was renamed as LG Electronics and owned Zenith Electronics of USA. LG Electronics sponsors sports in different fields such as football, cricket and racing etc.

LG Electronics of USA has introduced a variety of handsets which became very successful. The company is producing a large number of handsets and it is expected that it would become the fourth largest handset maker of the world in 2008. The mobiles of LG are becoming popular in the telecommunication market due to its quality and advance features. The division of home appliances manufactures products such as air conditioners, refrigerators, ovens and washing machines for home users. North America is the larges market for home appliances division of the company.

In display divisions LG Electronics is very prominent. The company manufactures, LCD TVs, Monitors, Plasma TVs, OLED Panels, Flat Panel Monitors and USB Memory. The company has launched many products in the field of digital media such as DVD Recorders, CD RW, Home Theatre Systems, Notebook PCs, MP3 Players, Desktop PCs; PDAs etc. LG has introduced a series of air conditioners which is successful in the market of electronics.

Looking to buy LG Electronic Products?

Buy LG Television on if you are from UK
Buy LG Television on if you are from United States

You can find prices cheapest on amazon as this is one of the largest distributors in the world for electronics and other products. sells more than 5000 products everyday online. You can easily trust this company for online shopping.


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