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What is LG Electronics?

LG Electronics

About LG Electronics

What is LG Electronics?

Headquartered in Seoul, LG is a South Korean electronics manufacturer founded as GoldStar by Koo In-hwoi in 1958. The company was set up to manufacture consumer electronics and home appliances for the local market after the Korean War. Therefore, it was the first to produce radio equipment, televisions, refrigerators, washing machines and air conditioners in South Korea. While the company initially operated under the GoldStar branding, it was later merged with Lucky Chemical and LS Cable –other LG group companies – in 1995.
 
The company’s first overseas production facility was set up in the US in 1982. In 1994 GoldStar officially became LG Electronics. To expand its footprint in the US, LG acquired US-based television manufacturer Zenith and also launched the world’s first CDMA digital mobile phone in 1995. In 1999, the company made a joint venture with Philips, now known as LG Display, to design and develop liquid crystal displays (LCDs).
 
LG Electronics made a significant contribution to the world’s consumer electronics and home appliances industry. In 2005, it became one of the top 100 global brands in consumer electronics. As of 2009, its display manufacturing unit, LG Display, had become the world’s largest LCD panel manufacturer. The company started making smartphones in 2010. It was one of the early original equipment manufacturers to adopt Google’s Android as default operating system for its smartphones.
 
In 2014, in partnership with Google, the company also announced the Android Wear-based LG G Watch. The next year, the company launched the LG Watch Urbane, the first LG watch to support smartwatch features such as WiFi.
 
Today, LG Electronics is a global brand that manufactures and sells consumer electronics, mobile communications, and home appliances. Besides, it also makes devices and products for commercial use — G-, V-, and F-series mobile communication products, in-vehicle infotainment, HVAC and motor, and vehicle engineering components. In addition, the company also makes commercial display solutions, solar solutions, energy storage systems, energy management solutions, membranes, stylers and lighting products, besides compressors and motors.

Latest Updates on LG Electronics

LG MyView review: Productivity-focused monitor with TV capability built-in

3 min read Last Updated :Jun 14 2024 | 5:13 PM IST
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Premium TVs to drive growth in segment for LG, expects to grow at 30%

3 min read Last Updated :May 15 2024 | 11:37 PM IST
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LG launches webOS based MyView Smart Monitors in India: Price, models, more

2 min read Last Updated :Apr 02 2024 | 4:44 PM IST
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LG enters self-laundry service in India, to invest $4 million in 2024

2 min read Last Updated :Feb 07 2024 | 9:02 PM IST
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LG unveils QNED 83 series smart TVs in India: Know price, features and more

2 min read Last Updated :Jan 25 2024 | 2:44 PM IST
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LG Gram 16 review: Big display, strong performance, and lightweight design

5 min read Last Updated :Sep 11 2023 | 9:50 AM IST
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LG launches XBoom series of speakers, Tone Fit TF7 wireless earphones

2 min read Last Updated :Jul 06 2023 | 7:15 PM IST
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India to see LG's highest sales growth globally this year: MD Hong Ju Jeon

3 min read Last Updated :Jun 30 2023 | 12:45 PM IST
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LG launches Gram series laptops, Ultra PC in India: Price, specs, and more

2 min read Last Updated :Jun 15 2023 | 12:51 PM IST
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LG S95QR 9.1.5 sound bar review: Expansive audio for cinema-like experience

4 min read Last Updated :Jun 08 2023 | 9:09 AM IST
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Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG

2 min read Last Updated :May 31 2023 | 10:23 PM IST
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Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant

2 min read Last Updated :May 26 2023 | 4:08 PM IST
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LG India expects 10% growth, exploring new business categories, says MD

4 min read Last Updated :May 24 2023 | 8:26 PM IST
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LG announces 2023 OLED TV series with top-end model priced at Rs 75,00,000

3 min read Last Updated :May 24 2023 | 3:38 PM IST
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LG Electronics Q1 profit down 23% at 1.49 trn on dampened consumer demand

2 min read Last Updated :Apr 27 2023 | 2:03 PM IST
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LG starts manufacturing dual inverter air conditioner compressors in India

2 min read Last Updated :Mar 28 2023 | 10:00 AM IST
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LG Energy to invest $5.5 bn to build standalone battery plants in US

2 min read Last Updated :Mar 24 2023 | 5:16 PM IST
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Import dependency for AC compressors may fall to 15% by 2027-28

3 min read Last Updated :Mar 13 2023 | 12:26 AM IST
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Retail electronics firms scale up inventory, anticipating demand surge soon

2 min read Last Updated :Feb 19 2023 | 8:36 PM IST
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Tech giant LG Electronics showcases NFT artworks via OLED evo TVs

2 min read Last Updated :Feb 19 2023 | 7:03 PM IST
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