![]() Archived from the original on 25 April 2017. "Our Businesses - The Official Site of LG Group". "LG Chair Koo Bon-Moo Dies, Leaves Company to Adopted Son". ^ "LG Chair Koo Bon-moo, Who Ran Company for 23 Years, Dies at 73"."LG founder bequeaths principle of harmony, sustainable growth". Archived from the original on 19 November 2008. ^ "HISTORY - The Official Site of LG Group"."Address: LG Twin Towers, 20 Yeouido-dong, Yeongdeungpo-gu, Seoul 150–721, Korea" Archived from the original on 23 June 2013. from 2007 to 2010 and Bayer 04 Leverkusen from 2013 to 2016. from 2001 to 2003, Olympique Lyonnais from 2004 to 2006, Fulham F.C. LG also sponsored football clubs Leicester City F.C. LG is also a partner of the American professional baseball team Texas Rangers. LG owns the South Korean professional baseball team LG Twins, and is the main sponsor of basketball team Changwon LG Sakers. The new joint venture will manufacture components used in electric cars such as electric motors, inverters and onboard chargers. In 2020, LG and Canadian auto supplier Magna International launched a joint venture known as LG Magna e-Powertrain. In 2005, LG entered into a joint venture with Nortel Networks, creating LG-Nortel Co. LG had two joint ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD, but Philips sold off its shares in late 2008. The first JV between the two is LG Hitachi, which has been around since 1980s when it was established to import computers to Korea. Since then Hitachi has transferred technologies for LG's products such as radios, wires, TVs, home appliances, semiconductors, etc. LG and Hitachi created joint ventures named Hitachi-LG Data Storage in 2000 and LG Hitachi Water Solutions in 2011 among other partnerships it has had, LG has a long relationship with Hitachi dating back to the early years of Goldstar. LG also operates the Coca-Cola Korea Bottling Company, manages real estate, offers management consulting, and operates professional sports clubs. Its telecom products include long-distance and international phone services, mobile and broadband telecommunications services, as well as consulting and telemarketing services. In the chemical industry, subsidiaries manufacture and sell products including cosmetics, industrial textiles, rechargeable batteries and toner products, polycarbonates, medicines, and surface decorative materials. Its electronics subsidiaries manufacture and sell products ranging from electronic and digital home appliances to televisions and mobile telephones, from Thin-film-transistor liquid-crystal displays to security devices and semiconductors. LG Corporation is a holding company that operates worldwide through more than 30 companies in the electronics, chemical, and telecom fields. Koo Bon-moo adopted his nephew in 2004, after losing his only son in 1994, citing "a family tradition of male-only succession". In July 2018, it was announced that Koo Kwang-mo, the nephew and adopted son of Koo Bon-moo, will be the new CEO of LG. Since 2009, LG has owned the domain name LG.com. The company also associates the letters LG with the company's tagline "Life's Good". Koo Bon-moo renamed the company to LG in that year. He then passed the leadership to his son, Koo Bon-moo, in 1995. Koo In-hwoi led the corporation until his death in 1969, at which time, his son Koo Cha-kyung took over. LG continues to manufacture some of these products for the South Korean market, such as laundry detergent. The Lucky brand was famous for hygiene products such as soaps and HiTi laundry detergents, but the brand was mostly associated with its Lucky and Perioe toothpaste. Many consumer electronics were sold under the brand name GoldStar, while some other household products (not available outside South Korea) were sold under the brand name of Lucky. GoldStar produced South Korea's first radio. Both companies Lucky and GoldStar merged to form Lucky-Goldstar in 1983. As the company expanded its plastics business, it established GoldStar Co. In 1952, Lak Hui (락희) (pronounced "Lucky" now LG Chem) became the first South Korean company to enter the plastics industry. LG Corporation was established as Lak Hui Chemical Industrial Corp. LG makes electronics, chemicals, and telecommunications products and operates subsidiaries such as LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, and LG Energy Solution in over 80 countries. Its headquarters are in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo District, Seoul. It is the fourth-largest chaebol in South Korea. LG Corporation (or LG Group) ( Korean: 주식회사 엘지), known as LG and formerly Lucky-Goldstar from 1983 to 1995 (Korean: Leokki Geumseong Korean: 럭키금성 Hanja: 樂喜金星), is a South Korean multinational conglomerate founded by Koo In-hwoi and managed by successive generations of his family.
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