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LG Electronics history
LG Electronics company history timeline
In 1958, LG Electronic was founded as GoldStar.
Ever since LG Electronics was established in 1958, they have led the way into the advanced digital era thanks to the technological expertise acquired by manufacturing many home appliances such as radios and TVs.
Goldstar immediately began developing a radio, and in 1959, Korea’s first homemade radio started rolling off the production line.
1982 Establishes first overseas production base in the US
Both companies Lucky and GoldStar merged and formed Lucky-Goldstar in 1983.
GoldStar merged with Lucky Chemical and LS Cable on 28 February 1995, changing the corporate name to Lucky-Goldstar, and then finally to LG Electronics.
The company was renamed LG in 1995.
LG Electronics in 1998 developed a customized TV Sampoorna for the rural market.
LG Solar Energy is a subsidiary formed in 2007 to allow LG Chem to supply polysilicon to LG Electronics for production of solar cells.
2008 Develops world's first LTE mobile modem chip
2009 Becomes the second-largest LCD TV brand worldwide
Credit goes to Michael Ahn, who guided the branding effort for LG Electronics North America before stepping down as the Group’s president and CEO in 2010.
2012 First in the world to market 84-inch ULTRA HD TV
2013 Introduces HomeChat™ service for smart appliances, Launches Vehicle Components Company
2014 Introduces world’s first 4K OLED TV and webOS smart TV, Introduces the G3 smartphone with Quad HD display
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LG Electronics competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Samsung Electronics Device Solutions (Semiconductor & Display) | 1978 | $2.1B | 2,337 | 432 |
| Sony Electronics | 1960 | $8.5B | 33,234 | 183 |
| Premier Technology | 1996 | $860,000 | 50 | 57 |
| Bosch Security Systems Inc | 1968 | $68.0M | 1,200 | - |
| Flash Technology | 1969 | $13.0M | 79 | 114 |
| Groth | 1960 | $21.1M | 50 | - |
| Hill's Pet Nutrition | 2015 | $2.2B | 750 | - |
| Global Electronics | - | $4.3M | 20 | 1 |
| Agfa | 1867 | $2.4B | 10,177 | 16 |
| VPC | 1959 | $45.0M | 100 | 6 |
LG Electronics history FAQs
Zippia gives an in-depth look into the details of LG Electronics, including salaries, political affiliations, employee data, and more, in order to inform job seekers about LG Electronics. The employee data is based on information from people who have self-reported their past or current employments at LG Electronics. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by LG Electronics. The data presented on this page does not represent the view of LG Electronics and its employees or that of Zippia.
LG Electronics may also be known as or be related to LG Electronics, LG Electronics Inc., LG Electronics Inc., LG Electronics India Pvt. Ltd., LG Electronics Japan, Inc., LG Electronics U.S.A., Inc., LG Electronics USA Inc and Lg Electronics U.S.A., Inc.