Simplify the following text for a Grade 15 native English-speaking person.
Original: LG Corp. is the second largest Korean multi-industry company that produces electronics , chemicals , and telecommunications products and operates subsidiaries like LG Electronics , LG Display , LG Telecom and LG Chem in over 80 countries .
Simplified: LG produces electronics , chemicals , and telecommunications products and operates subsidiaries like LG Electronics , LG Display , LG Telecom and LG Chem in over 80 countries .