Knowing More Information About Lg Group

By Author: Isabel
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Many people know that LG is a Korean company, but do you know what’s the meaning of “LG”? Before 1995, LG Group was known as Lucky Goldstar, which is the third largest company in Korea. There are 44 subordinate companies and approximately 300 offices and affiliated companies in the world belong to LG Group. And now LG stands for Life is good.

LG Group was founded in 1947, with annual sales of up to 73 billion yuan, now has 17 million people worldwide. Industrial development of the world's leading international enterprise groups. LG Group is present in 171 countries and regions have established more than 300 overseas offices. Business areas covering chemical energy, electrical, electronic, mechanical metal, trade services, finance, and public welfare, sports and other six areas. LG Electronics is the largest subsidiary of LG Group

LG Group continued to challenge the endless fields of technology, and is committed to development of new technologies. Research and development is not only the development priorities of LG, but also the powerful backing of business development. LG Group set up 31 research centers ...
... in the six countries in the world. Research and development investment accounted for 5% of the Group’s total revenue. Now through overseas research institutions to further strengthen its technical strength.

In the process of expanding the field of plastic industry, LG Group established LG Electronics in 1958, and South Korea in 1959 produced the first radio, the Korean electronics industry has opened a new era. To, LG Group in the 1950s, has laid the two pillars of its business activities, and electrical and electronic industries, chemical basis for the development of Korean industry has played a vanguard role.

In 1970, LG Group received Fire & Marine Insurance to enter the insurance industry and founded an international securities company started to engage in the securities industry, to successfully expand business areas from manufacturing to services.

In 1984, LG Group established LGAd, began to get involved in the field of integrated advertising and in 1987 received KoreanExpress (now LGCard), and established the STM (now LGCNS), access to credit and professional computing systems business areas.

Now we can see the products of LG Group anywhere, LG mobile phone, LG TV, LG microwave oven, LG computer, LG laptop, LG refrigerator and so on. Now, LG Group based on the business by the right way, through thought and action changes to achieve super LG Group in the 21st century.

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