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Tuesday, 6 June 2017

LG: Do You Know The Exact Meaning Of LG?

LG Corporation is a South Korean MNC dealing with mainly Electronics items, Chemicals and Telecom products. Headquarter is situated in Seoul. LG Corporation operates its subsidiaries in over 80 countries.

LG Corporation starts its business as Chemical company named Lak-Hui (Pronounced as "Lucky") Chemicals Ind. Corp in 1947. Lak-Hui Corp. has expanded its business in plastic industry as GoldStar Co. Ltd. In 1958 both companies have been merged and become Lak-Hui GoldStar Company Ltd.



In the name LG, First character stands for Lak-Hui Corp. and second character stands for GoldStar Co. Ltd.

Conclusion:
L = Lak-Hui Corp.
G = GOldStar Co. Ltd.

Do not misunderstand LG corp as Life's Good (Tag-line of Company).

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