LG Group
Overview
LG Group is a representative South Korean conglomerate that began with Lak Hui Chemical Industrial Co., founded by Chairman Koo In-hwoi in 1947. Currently, it has global competitiveness in various business areas including electronics, chemicals, telecommunications, and energy, centered on major affiliates such as LG Electronics, LG Chem, LG Display, and LG Uplus. LG Group pursues sustainable growth with 'Value Creation for Customers' and 'Management Based on Respect for Humanity' as its core values.
Main Content
History
The history of LG Group dates back to 1947 when Chairman Koo In-hwoi founded Lak Hui Chemical Industrial Co. In the 1950s, it entered the plastics industry, laying the foundation for growth, and in the 1960s, it established GoldStar (now LG Electronics), entering the electronics industry. In 1995, the group name was changed from 'Lucky GoldStar' to 'LG', marking a leap as a global brand. Since the 2000s, it has stood out in advanced fields such as LG Chem's battery business and LG Display's OLED technology.
Major Affiliates
- LG Electronics: A global electronics company producing various electronic products such as home appliances, TVs, smartphones, and automotive parts. It particularly holds world-class competitiveness in OLED TVs and home appliances.
- LG Chem: A comprehensive chemical company in fields such as petrochemicals, batteries, and advanced materials. It has established itself as a global top-tier player in the electric vehicle battery market.
- LG Display: A display specialist company leading OLED panel technology. It shows strength in large OLEDs and automotive displays.
- LG Uplus: A mobile telecommunications company providing communication and IT services, driving innovation in 5G and IoT fields.
- LG Energy Solution: A battery specialist company spun off from LG Chem, expanding its global market share in the electric vehicle battery market.
Management Philosophy
LG Group's management philosophy is based on 'Value Creation for Customers' and 'Management Based on Respect for Humanity'. Based on this, LG Group prioritizes honesty and trust, and is evaluated as a company fulfilling its social responsibilities. It also emphasizes 'Righteous Management', practicing transparent and ethical management.
Global Business
LG Group has expanded into about 80 countries worldwide, establishing a strong presence in major markets such as North America, Europe, and Asia. In particular, LG Electronics ranks first in the North American home appliance market, and LG Chem's batteries are supplied to global electric vehicle manufacturers. LG Display leads the OLED panel market, holding an unrivaled position in the premium display sector.
Social Contribution
Through 'LG Social Contribution', LG Group creates social value in various fields such as education, environment, and culture. Representative examples include 'LG Science Hall', 'LG Sangnam Library', and 'LG Discovery Lab', contributing to youth education and the spread of scientific culture. It has also set carbon neutrality goals and strengthened eco-friendly management.
Latest Trends
From 2024 to 2025, LG Group is focusing on future growth engines such as electric vehicle batteries, artificial intelligence (AI), and biotechnology. LG Energy Solution is expanding battery production capacity in North America and Europe, strengthening the global supply chain. LG Electronics is leading the smart home market by launching AI-based home appliances, while LG Chem is accelerating the development of bioplastics and eco-friendly materials. Additionally, LG Group aims to achieve 100% renewable energy use at all business sites by 2025. Recently, through the LG AI Research Institute, it has developed the hyperscale AI model 'EXAONE', enhancing its AI technology competitiveness.
Related Topics
- [[Samsung Group]]
- [[SK Group]]
- [[Hyundai Motor Group]]
- [[Chaebol of South Korea]]
---
AI auto-generated document · Improved together by the community