LG Electronics
LG Electronics Inc. () is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Group, the fourth largest "chaebol" in South Korea, and often considered as the pinnacle of LG Group with the group's chemical and battery division LG Chem. It comprises four business units: home entertainment, mobile communications, home appliances & air solutions, and vehicle components. LG Electronics acquired Zenith in 1995 and the largest shareholder of LG Display, world's largest display company by revenue in 2020. LG Electronics is also the world's second largest  TV manufacturer behind Samsung Electronics. The company has 128 operations worldwide, employing 83,000 people. History. 1958–1960s. In 1958, LG Electronics was founded as "GoldStar" (). It was established in the aftermath of the Korean War to provide the rebuilding nation with domestically-produced consumer electronics and home appliances. The start of the country's national broadcasting that created a booming electronics market and a close relationship it quickly forged with Hitachi helped "GoldStar" to produce South Korea's first radios, TVs, refrigerators, washing machines and air conditioners. "GoldStar" was one of the LG groups with a brethren company, Lak-Hui (pronounced  Lucky) Chemical Industrial Corp. which is now LG Chem and LG Households. "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. 1970s–1990s. Goldstar first went public in 1970; by 1976, it was producing 1 million televisions annually.<ref>