LG Group logo
LG Group was founded in 1947, annual sales of up to 73 billion U.S. dollars (2006 data), the world currently has 160,000 employees. LG Group is an international conglomerate leading the world's industrial development and has established more than 300 overseas offices in 171 countries and regions. LG Group has established more than 300 overseas offices in 171 countries and regions, and its business fields cover six areas: chemical and energy, electrical and electronic, machinery and metal, trading services, finance, public welfare, and sports. LG Electronics is the largest subsidiary of the LG Group, which continues to challenge itself to develop new technologies in infinite technological fields, and research and development is a key focus of the LG Group and a strong support for business expansion. 31 research centers have been set up in six countries around the world, and research and development has accounted for 5% of the Group's total revenues. The LG Group's research centers in Chicago, San Jose and San Diego in the U.S., Sendai in Japan, Düsseldorf in Germany, and Dublin in Ireland are utilizing state-of-the-art research equipment to further strengthen its technological capabilities, and are striving to realize the early arrival of a high-tech society.
History of Development
1947~1959
Beginning a new era in the chemical and electronics industries, the foundation was laid for the chemical and electrical-electronic industries that are the two pillars of the LG Group today. (In 1945, when Korea had just been liberated from Japanese colonial rule, and capitalism was beginning to sprout, the industrial field was still a blank slate.) The founder of the LG Group, Yeonan Goo In-hui, established the Lok Hee Chemical Industry Company (now LG Chemical) in 1947, and the history of the LG Group began to be written on this impoverished land.
LG Television
The LG Group began its business activities by producing the cosmetic product, "Roxy Cream". LG Group entered the plastics industry for the first time in Korea by developing unbreakable cosmetic bottle caps. This decision was made at a time when the Korean War broke out in 1952, and the LG Group was unable to expand its business without an indomitable will and strong corporate spirit. The LG Group has contributed to the improvement of living standards by producing plastic products such as combs, soap boxes, toothbrushes, and cutlery, etc. In 1954, the LG Group successfully developed Korea's first toothpaste with its own technology, and quickly captured Korea's market share by defeating the U.S.-based Colgate Toothpaste, which was the first toothpaste to be produced in Korea. "In 1954, LG Group successfully developed Korea's first toothpaste with its own technology, and it quickly captured the Korean domestic market, contributing to the improvement of the nation's health, and in 1959, LG Group established Lakhee Oils and Fats and started the production of soap and glycerin. Meanwhile, in the process of expanding the field of the plastics industry, the LG Group established Goldstar (LG Electronics) in 1958 and produced Korea's first radio in 1959, ushering in a new era in the Korean electronics industry. With this, the LG Group laid the foundation for the chemical and electrical electronics industries, the two pillars of its corporate activities, in the 1950s, and played a leading role in the development of Korean industry.
1960~1969
LG laptop computers
Constructed the basic industrial field, established the Hunan Refinery (now GSCaltex), normalized the electronics and electrical industries, and began to participate in the service industry and social welfare. (At this time, Korea was in a period of social unrest and poverty due to political events such as the April 19th Movement and the May 16th Revolution.) With the implementation of the economic development program, the foundation for development was strengthened and Korea began to move into the ranks of developing countries. At the same time, the LG Group continued to expand its chemical and electrical and electronic industries, laying the groundwork for its entry into the group of companies, and in 1962 established Korea Cable Industry (now LG Cable) to expand its electrical and electronic industries. In 1967, LG Group established Korea's first privately owned oil refinery, Hunan Refinery (now GSCaltex), to enter the basic raw materials industry, laying the foundation for its entry into the heavy chemical industry. In addition, LG Chem (now LG Chem) produced Korea's first synthetic detergent, HAITAI, in 1964, and kitchen detergent and liquid shampoo, SHAMPOO, in 1967.
Goldstar (now LG Electronics) was the first company in Korea to produce electric fans, refrigerators, black-and-white televisions, air-conditioners, washing machines, and elevators in 1960, 1964, 1966, 1968, and 1969, respectively, and its sales exceeded the KRW 10 billion mark, a 239-fold leap in just 10 years after the founding of the company. Thus, LG Group was among the leading Korean companies in the chemical, energy, electrical and electronics industries, and ushered in the promising 1970s.
1970~1979
LG Chocolate Cellular Phone
Solidly developing and continuously expanding its business fields, LG's solid management contributed to the recovery and rapid development of the Korean economy during the recession and stepped into the ranks of the top companies. (In the 1970s, Korea entered the ranks of emerging industrialized nations through an export-led policy that fueled rapid economic growth.)
However, the 1970s experienced two world oil crises, coupled with Korea's domestic political turmoil, which worsened the business environment.
The 1970s were ushered in by the death of LG Group's founder, Chairman Goo In-hui, on December 31, 1969, and the inauguration of Goo Ji-kyung as the second-generation chairman. Upon assuming office, Chairman Goh Ji-kyung said, "The 1970s was a turning point in the internationalization of the LG Group," and decided to establish a solid development policy and internationalization as the main policy for the 1970s. To this end, LG Group designated 1970 and 1971 as the "Years of Management Stabilization" and strengthened a solid management foundation; in 1972, sales of LG Chem (now LG Chem) exceeded 1.1 billion won, and exports amounted to US$5.3 million; exports of electronic products from Goldstar (now LG Electronics) increased by 170% over the previous year; and the Hunan Refinery Company (now LG Electronics) increased its exports of electronic products by 170% over the previous year. (now LG Electronics), the export of electronic products increased by 170% from the previous year; Hunan Refining (now GSCaltex) completed the first and second phases of the expansion project and tripled its production capacity in just three years after the startup of the plant, thus laying the foundation for the development of the main enterprise. At the same time, the LG Group successfully expanded its business from manufacturing to services by taking over the Vanhan Fire & Marine Insurance (now LIG) in 1970 to enter the insurance industry, and by establishing the International Securities Company in 1973 to start its involvement in the securities industry, among other things.
At the same time, the LG Group is committed to contributing its corporate profits to society and has demonstrated a mature corporate image that is close to the people. After Lucky Chemical, Goldstar (1970), Goldstar Communications (1975), Korea Mining & Refining (now LG-Nikko Copper Refining) (1975), Peninsula Corporation (now LG Corporation) (1976), Goldstar Electric (1976), Vanhan Fire (1976), Goldstar Wire (now LG Cable) (1977), Goldstar Electromechanical (1978), and Korea Containerization (1978), the LG Group has expanded into the service sector with the establishment of the LG Group. In 1973, the LG Group established Yeonam College, a school corporation, and began its activities to serve the society through education.
It can be said that in the 1970s, the LG Group developed into a national company and established a mature corporate image by expanding its business fields and serving the society through solid development.
1980~1989
The era of internationalization and development of high-end technologies
LG Ice Cream Mobile Phone
In the field of chemistry and energy, the LG Group, centering on the petrochemical industry, which was the main focus of Lok Hee (now LG Chem) after 1983, continued to deepen and develop its existing fields such as plastics, household products, and precision chemistry, and We have diversified our business fields by re-entering the cosmetics industry, expanding the synthetic industry, entering the pharmaceutical business, and becoming a multinational corporation through active overseas investment. Meanwhile, Hunan Refining (now GSCaltex) completed the construction of a 120,000-ton per year polypropylene (PP) plant and a 450,000-ton per year bromine (BTX) plant in 1988, and started construction of a 200,000-ton per year TPA plant to diversify its petrochemical business. In the electrical and electronics field, the LG Group led the development of high-end products such as color TVs, VCRs, and computers in the 1980s, and focused its investment in the semiconductor business, leading the era of high-end technology. At the same time, Goldstar Semiconductor developed the Korean-type standard switchboard, which broke new ground in the Korean communications business. Goldstar Electric Wire (now LG Cable) led the qualitative transformation of the cable business by rapidly realizing the transition from copper to optical communications and from ordinary wires to ultra-high-voltage special wires.
At the same time, Lucky Gold Star Corporation (now LG Corporation) further enhanced its image as a general trading company by achieving the highest export growth rate for two consecutive years since 1983, with sales of 2 trillion won and exports of 3 billion dollars in 1988, while the LG Group established LGAd in 1984 and started to enter the general advertising business and took over Korean Wire in 1987. In 1987, it took over KoreaExpress (now LGCard) and established STM (now LGCNS) to enter into the business field specializing in credit cards and computer systems.
In anticipation of the 40th anniversary of the founding of the LG Group in 1987, the LG Group completed the Yoido LG Twin Towers, further enhancing the overall image of the group. Subsequently, LG Group ushered in the 1990s by implementing the "F-88 Program" and the "V Program," formulating a blueprint for long-term development, and resolutely implementing corporate reforms.
1990~2000
LG LED TV
The company was renamed LG, and began to challenge the world's top companies by focusing on the four major industries of chemicals and energy, electronics and information communications, finance, and services. （In 1990, Chairman Gus Kyung issued the "21st Century Management Concept" based on the reform of organizational structure and operation system, self-discipline management and human resource development, and the "Value Creation for Customers, Human-Centered Management" policy. In 1995, the LG Group launched a series of CI revisions, including changing its name to LG, in order to create a distinctive corporate image and start the engine of globalization. After Mr. Goh Ji-kyung, Mr. Goh Ben-mo became the third chairman of the LG Group and started a new era of the LG Group, which was the second battle of management innovation.
Since assuming the presidency of LG, Mr. Goh has made "proper management" and "superb LG" the core of his management, and has achieved the vertical serialization of the petrochemical field, developed a number of high-end pharmaceutical products, and expanded the oil refining business into a comprehensive energy business, LG has achieved a series of impressive results, including the development of various multimedia and digital products, securing the world's power in information and communications technology, entering the Internet and online shopping business field, and entering the global market.
Even when the financial crisis at the end of 1997 paralyzed Korea's economy, the LG Group became a role model for Korean companies as it pushed ahead with corporate restructuring based on the basic principles of "selection and concentration.
The LG Group has established a "21st century business structure" centered on the four business fields of chemicals and energy, electronics and information and communications, finance, and services, and has begun to move toward a "Super LG" vision that will lead the "digital age" of the new millennium. We are moving toward the goal of becoming a "Super LG" that will lead the "Digital Age" of the new millennium.
2000~
LG Microwave Oven
Leap to the Future (The spirit of challenging the future is the driving force behind the development of the LG Group, a small company in the southern tip of the Korean Peninsula that started in 1947, into the multinational conglomerate it is today.) The LG Group is now taking on the challenge of building on the achievements of the 20th century to face the new grandiose blueprints of the 21st century. The LG Group of the 21st century is a company that enables every employee to realize his or her fullest potential; a company that maximizes shareholder value through transparent management; and a company that satisfies and touches the hearts of every consumer and benefits the nation and society. Now, the LG Group is realizing the superlative LG Group of the 21st century through changes in thinking and action based on righteous management.
Philosophy
LG Microwave Oven
The ideal society that the LG Group pursues is one in which the lives of its customers are made more comfortable, safe, and productive.
It is a better society that overcomes diseases and eliminates environmental pollution.
It is a society of abundance where technology replaces resource poverty.
It is a high-tech automated society where the quality of life moves to a higher stage.
It is a multimedia information world where everyone can enjoy the benefits of information.
The LG Group is now working to realize this ideal, and will strive to make the dreams and happiness of mankind come true as soon as possible by providing customers with a wide range of products and services in various fields based on the strength of the LG Group and by making full use of the rapid and accurate information available on the world wide web.
Chronology
LG Refrigerator
Foundation Period (1947~1965)
1947 Establishment of Rakhee Chemical Industry Corporation
1958 Establishment of Geumseungsa (now LG Electronics)
1959 Establishment of A-501, the first vacuum-tube radio, and establishment of the first domestic integrated electronics product factory in Korea. Factory
Growth period (1965~1978)
1965 First refrigerator
1966 Black-and-white TV (VD-191)
1969 Started production of washing machines
1975 Establishment of the Central Research Laboratory
1977 Started production of color TVs
Color TV production
The company's sales volume in 1977 was 1.7 billion yen.
Total sales reached 100 billion won in 1977
Internationalization period (1979~1986)
The period when LG was preparing to become an international company (foundry, motor factory, audio factory, and production base for cutting-edge electronics)
In 1981, a production subsidiary was established in the U.S.
1986. Established production corporation in Germany
Renovation period (1987~1994)
1988 Mexico Thailand Egypt Philippines Italy UK
1990 Indonesia
1992 China
LG TV
Second renovation period (1995~) 1995 CI was modified. Modification, Acquisition of Janus USA
LG Subsidiaries
Electronics field: LG Electronics (LG.PhilipsLCD, LG Innotek, LGMicron, Hiplaza, HiLogistics), Siltron, Lusem
Chemicals field: LG Chemistry (LG Petrochemicals. LGDOWPolycarbonate, SEETEC), LG Lifestyle Health, LG Life Sciences, LGMMA
Communications & Services: LGTeleCom (CSLeader, A-in), LGDACOM (LGPowercom, LGDACOMMultimediaInternet. LGDACOMCrossing), LGCNS (V-ENS), LGN-Sys, SERVEONE (LG Management and Development Institute (Economic Research Institute/ACADEMY)), LGSports
Development in China
Time Events
October 1993 LG Electronics establishes Huizhou LG Electronics (Huizhou) Co., Ltd. in Huizhou to produce audio and CD-ROMs
December 1994 LG Electronics establishes LG Electronics (Shenyang) Co., Ltd. in Shenyang to produce TVs
March 1995 LG Electronics (China) Co., Ltd. is established
August 1995 LG Electronics establishes Shanghai LG Broadcasting Electronic Co. DVDs
December 1995 LG Electronics establishes Nanjing LG Panda Electric Appliances Co. in Nanjing to produce washing machines
December 1995 LG Electronics establishes Qinhuangdao LG Electronics Qinhuangdao Co. in Qinhuangdao to produce castings
December 1995 LG Electronics establishes LG Electronics (Tianjin) Electric Appliances Co. in Tianjin, with main products including microwave ovens, air conditioners, vacuum cleaners, motors, MGTs and air conditioner compressors
December 1995 LG Electronics established Taizhou LG Chunlan Household Electric Appliances Co. to produce refrigerators and refrigerator compressors. (In order to pursue their own development, LG Electronics purchased 50% of Chunlan's shares in 2003 and became an independent legal entity, and the new Taizhou LG Electronics Refrigeration Co. Ltd. was officially established)
1996 LG Electronics established the Technical Service Center
September 1997 LG Electronics established LG Tongchuang Color Display Co. Wave LG Digital Mobile Communications Co., Ltd. in Yantai to produce CDMA cellular phones
April 2002 LG Shenyang Plant reaches a new milestone with 10 million units of finished products since the plant was built
March 2003 LG Electronics establishes Luckin Wave Digital Communications Co., Ltd. in Qingdao to produce GSM cellular phones
May 2003 LG Ltd. in Kunshan to manufacture notebook computers
May 2003 LG Electronics established LG Electronics Nanjing Plasma Co. Ltd. in Hangzhou
March 2004 LG Electronics signed a cooperation agreement with Shenzhen Rising Sun to establish the first home network community in China
April 2004 LG Electronics inaugurated a national enterprise technology center in Tianjin
June 2004 LG Electronics was named one of the "Best Companies to Work For" by BIZ Week. Week as the "World's Best IT Company"
July 2004 LG Gemini Building topped out
October 2004 LG Home Appliances were honored as "National Inspection-Free Products".
April 2005 LG Nanjing Plasma Production Base Expanded
November 2005 LG Electronics China Headquarter moved into Gemini Tower
January 2006 U Nam-kyun was appointed as the President of LG Electronics Greater China
February 2006 LG Electronics established the world's first overseas production base of LG's open-door refrigerators in Taizhou
April 2006 LG Electronics established the world's first overseas production base of LG's open-door refrigerators in Taizhou.
April 2006 "Chocolate" cell phone was launched in China as a world premiere
August 2006 XCANVAS brand flat-panel TVs were launched in China
September 2006 LG Electronics East China Logistics Center was established in Nanjing
October 2006 LG Business School was established
March 2007 LG Electronics launched the Sheng Tang Dynasty door refrigerator in China, launching the 07 "Artist Electricity" strategy
April 2007 LG's "Black Label" second-generation Shine The second generation of LG's "Black Label" Shine cell phone went on sale
September 2007 LG Electronics' East China Logistics Center was completed, with an investment of US$8 million
October 2007 LG established employee training and education bases in four cities in China
February 2008 LG Electronics announced the first LG Electronics announced the first mass production and sale of terrestrial digital TV all-in-one in China
March 2008 LG Electronics held a conference to introduce all new products in 2008
June 2008 LG Electronics' "Black Label" third-generation "Mystery" cell phone was launched
July 2008 LG Electronics' "Black Label" third-generation "Mystery" cell phone was launched
July 2008
July 2008 LG Electronics launched the "Go China" large-scale sports marketing campaign
April 2009 LG Electronics became the digital TV partner of CCTV Sports Channel
Cognitive Identity (CI)
LG 8-megapixel cell phone KC910
Meaning of LG p>Meaning of LG
LG stands for Life's Good, which means to improve the quality of life. "LG" also encompasses a variety of different brand images from other corporate sectors.
Overall design
The five concepts of World, Future, Youth, Humanity, and Technology are visualized, and basically, the L and G are placed in the inner part of the outer circle to indicate that human beings are the center of our business at LG. It symbolizes the determination of LG people to build close relationships with customers all over the world and work hard to satisfy them.
One eye
Indicates targeting, concentration, and smiling.
Blank right side
Asymmetrical shape symbolizing adaptation to change and creation.
Colors
LGRed (Pantone207C) indicates LG people's will to challenge, concern for the world beyond race, warmth and affection, and LGGray (Pantone430C) symbolizes technology and trust.
LGWay
LG TVs
"LGWay" is the basis for LG employees to think and act with the aim of "creating value for customers" and "people-oriented management. The aim is to create value for the customer" and "human-centered management" as the management philosophy, and strive to practice the right way of management, and ultimately realize the "first-class LG".
Management Philosophy
LG's "Management Philosophy" refers to "Value Creation for Customers" and "People-oriented Management," and encompasses the purpose of corporate activities and the principles of corporate operations. and the principles of the company's operations.
Methods of Action
LG's "Righteous Management" is a unique method of action for LG people, which means that we will continue to develop our strengths through ethical management, and will engage in fair competition in an honorable manner.
LG-WAY is LG's traditional corporate culture, which means that by practicing LG's management philosophy of "Creating Value for Customers" and "People-Oriented Management" through LG's way of action, "Righteous Management," LG will ultimately achieve the following The goal of "First Class LG" is realized. The "Righteous Management" is not only the fundamental value that LG pursues, but also LG's unique way of doing things, which is the realization of LG's management philosophy. Shodo management is not just ethical management, but true Shodo management means creating substantial results based on ethical management and fostering strengths that can lead to victory in competition.
Objectives
LG Washing Machines
Through righteous management based on its management philosophy, LG ultimately aims to achieve "First Class LG," which is truly recognized by the market, and to become a leader in the market.
LG's blueprint of "First Class LG" means:
1. LG trusted by customers
2. LG most attractive to investors
3. LG dreamed of by talented people
4. LG threatened by competitors and wanting to follow suit
In order to realize the "First Class LG," LG has to be a leader in the market. p>In order to realize the goal of "First Class LG," we will not only pursue growth in terms of scale, but also continue to increase our market value based on substantial competitive advantages. We will rely on the spirit of challenge and hard work to realize the goal of "First Class LG".
Business Fields
Business Fields by Products Produced:
Digital Home Automation Equipment, Audio Equipment, Cameras
Multimedia Corporate Computers, CD-ROMs, DVDs
Office Automation Equipment, VCR
Digital Monitor, TFT-LCD, CPT, PDA
Display Graphics Company TV, HD-TV, CDT
Electronic Gun, PDP
Digital Air Conditioner, Dishwasher, Refrigerator, Washer, Microwave Oven
Electrical Appliance Company Compressor, Generator
Motor, Water pumps
The corporate brand was ranked one hundred and ninety-sixth in the 2006 World Brand 500 list compiled by WorldBrandLab.
Vision for Growth
LG
LG Electronics has been striving to realize its vision of becoming a global leader in the digital field in the 21st century by meeting customer needs through innovative products and superior services, while striving to be among the world's top 3 electronics, information and communications manufacturers by 2010. On our way forward, we have always adhered to the concept of "Strong Company Achieves Strong Talent, Strong Talent Creates Strong Company", and we firmly believe that only great talent can create a great enterprise.
LG is committed to achieving excellence in 3 core competencies. These are Product Leadership, Market Leadership and People Leadership, each of which is a key component in realizing our growth strategy of "Rapid Innovation" and "Rapid Growth".
Core Competencies
Product leadership is the ability to develop innovative, top-quality products using specialized, emerging technologies.
Market leadership is the ability to achieve top rankings globally, which cannot be achieved without a strong market presence in each country or region of the world.
Talent Leadership is the ability to achieve market dominance by selecting and developing highly qualified team members capable of realizing innovation in all areas.
Development Strategy
Rapid Innovation entails maintaining a competitive advantage of at least 30% over competitors by setting and achieving top targets in the area of innovation. This includes new product development and launches, design and technology innovation, as well as product sales, market share and enterprise value.
Rapid growth is the result of implementing a strategy focused on rapidly expanding market size and revenues, of which monetary revenue growth is the axis.
Corporate Culture
While a company can highlight its best-in-class management strategy and abundance of exceptional talent, it still needs to adopt a corporate culture that fully unleashes these powerful forces.
No such thing as impossible
At LG, we try to take an alternate route to every stumbling block, which requires brainstorming and working harder before saying no.
It's not "me," it's "we."
LG encourages close teamwork and encourages employees to take pride in working closely together as a team to achieve goals.
Fun workplace
LG's workplace respects individual creativity and freedom, and work is fun.
Editorial
Pinyin abbreviation
LG = Long Gong, Dragon Palace, a sect in the online game Fantasy Westward Journey.
LG = lu guo, passing through.
LG = limit gauges for screw threads.
LG = lao ge, old brother.
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Internet terms
LG is:
1, husband's meaning (lao gong)
2, passing by (lu gu)
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Others
lg, denotes logarithmic number with base 10 (commonly used as logarithmic number), such as lg 10= 1.
If 10^y=x then y is the common logarithm of x: y=lgx
Function y=lgx
Zero x = 1
Monotonically increasing in R+
Derivative d/dx(lgx) = 1/(x ln10)
Indeterminate integral ∫ lgx dx = (x lnx-x)/( ln10)+c
when x<0 y=lg(-x)+iπ
lim lgx = -∞ (x→0)