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LG Electronics

South Korean electronics giant known for OLED TVs and home appliances.

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It is part of LG Corporation, the fourth largest chaebol in South Korea.[1] According to a 2015 press release, the company's global workforce numbers 83,000 people, and it maintains 128 operational sites around the world.[2][3]

Key facts and history

LG Electronics was founded in 1958 as GoldStar, established after the Korean War to produce domestic consumer electronics.[4] GoldStar produced South Korea's first radios, televisions, refrigerators, washing machines, and air conditioners, aided by a partnership with Hitachi.[4] The company developed the world's first 60-inch plasma TV in 1998.[5] GoldStar's initial public offering occurred in 1970, and by 1976 its annual television production had reached one million units.[6]

GoldStar's initial overseas manufacturing facility, situated in Huntsville, Alabama, began operations in 1982.[7] The US television manufacturer Zenith was purchased by LG Electronics in 1995.[3][5] A 55-inch OLED TV, the first of its size globally, was launched by LG in 2013, and the company subsequently became the first to mass-produce large OLED TV panels.[8][9] LG's departure from the mobile phone manufacturing sector was announced on 5 April 2021, following a period of sustained financial losses.[10]

By acquiring a 60% stake in the South Korean EV charger firm AppleMango in June 2022, LG Electronics entered the electric vehicle charging sector.[11] William Cho, previously the Chief Strategy Officer, assumed the role of CEO for LG Electronics on 1 December 2021.[11]

What the cited sources add

A 2024 DIGITIMES report states that LG Electronics undertook a major organizational restructuring to shift from a product-focused strategy to a solution-driven approach, consolidating its business divisions into four new segments.[12] The same source notes that the restructuring supports LG's "Future Vision 2030" and focuses on accelerating business-to-business growth.[12] A 2015 Cision press release reports that LG Electronics received 21 CES 2016 Innovation Awards across 10 categories.[2] The press release also states that LG employed 83,000 people working in 128 locations worldwide at that time.[2]

The same article notes that LG will conduct a two-year safety test at its research center.[13] A 2016 Korea Herald article states that LG entered the water purifier market in 2009 and combined that business with the refrigerator division in 2014.[14] Government authorization was granted to LG Electronics in 2021 to conduct tests on a washing machine that employs liquid carbon dioxide as an environmentally friendly cleaning solvent.[13]

References

  1. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: Taipei, "LG makes major division overhauls, shifting from products to solutions", DIGITIMES, 2024-11-28 (we also read that source) en.wikipedia.org
  2. "LG Electronics Honored With 21 CES 2016 Innovation Awards", Cision, 10 November 2015. facts only, no text reused. prnewswire.com
  3. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: "LG Electronics Honored With 21 CES 2016 Innovation Awards", Cision, 10 November 2015 (we also read that source) en.wikipedia.org
  4. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: ET News, 2008-03-24 (original not read by us) en.wikipedia.org
  5. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: Hae Won Choi, "LG Semicon Sale Is Seen Helping LG Electronics - WSJ", Wall Street Journal, 1999-03-16 (original not read by us) en.wikipedia.org
  6. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: "About LG: History — Advancement and Innovation 1970–1994", LG's official website (original not read by us) en.wikipedia.org
  7. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: "What is Brief History of LG Electronics Company?", MatrixBCG, 2026-04-07 (original not read by us) en.wikipedia.org
  8. "50 Years Of LG TV History - Black & White to OLED", LG UK. facts only, no text reused. lg.com
  9. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: Joo-won, "LG starts sales of world’s first 55-inch OLED television", The Korea Herald, 2013-01-02; "LG's 77- and 65-inch Curved 4K Ultra HD OLED TVs are coming to the UK", Pocket-lint, 26 June 2014; Lee, "At LG, More Bendable TVs Lie Straight Ahead", The Wall Street Journal, 28 May 2014 (original not read by us) en.wikipedia.org
  10. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: "It's official: LG is exiting the smartphone business", Android Central, 2021-04-04; 주, "LG Electronics exits from loss-making mobile biz", Yonhap News Agency, 2021-04-05; Porter, "LG confirms it's getting out of the smartphone business", The Verge, 2021-04-04; "LG Mobile Division withdraws from business", Programming Nation, 2021-04-05; "LG Magna e-Powertrain Expands Footprint with New Facility in Hungary", Magna, September 4, 2023 (original not read by us) en.wikipedia.org
  11. Wikipedia, "LG Electronics" (CC BY-SA 4.0), which cites: Bonifacic, "LG appoints new CEO to lead its beleaguered electronics division", Engadget, 2021-11-26; "LG Electronics acquires South Korean EV charger maker Apple Mango", electrive.com, 2022-06-28; "LG Expands Reach in EV Charging Industry With Latest Acquisition", 27 June 2022; Park, "LG Electronics is moving into the EV charging business", TechCrunch, 2022-06-27; No Surname, "LG Electronics ranked 'most reliable' appliance brand: Consumer Reports", Arirang, 2022-06-12; "LG Smart Park Named 'Lighthouse Factory' for Futuristic Manufacturi en.wikipedia.org
  12. Taipei, "LG makes major division overhauls, shifting from products to solutions", DIGITIMES, 2024-11-28. facts only, no text reused. digitimes.com
  13. Chang-won, "LG Electronics allowed to develop eco-friendly liquid CO2 washer", AJU PRESS, 2021-12-30. facts only, no text reused. ajupress.com
  14. Herald, "LG seeks synergy in refrigerators, water purifiers", The Korea Herald, 2016-02-18. facts only, no text reused. koreaherald.com

Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article LG Electronics (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.

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Sources

Compiled from Wikipedia and the sources listed below. Text from Wikipedia is available under CC BY-SA 4.0; this entry is adapted from it.

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