LG Corporation, formerly known as Lucky-Goldstar, is a South Korean multinational conglomerate founded in 1947 by Koo In-hwoi. Headquartered in Seoul, it operates through over 30 companies in sectors like electronics, chemicals, and telecommunications. In 2023, it ranked as the sixth-largest company in South Korea by revenue. The company's journey began with Lak-Hui Chemical Industrial Corp. producing "Lucky Cream". It expanded into plastics and, in 1958, established GoldStar Co. Ltd. (now LG Electronics Inc.). The Lucky and GoldStar companies merged in 1983, forming Lucky-Goldstar, which was renamed LG in 1995. As of December 1, 2025, Lyu Jae-cheol is the CEO of LG Electronics.
LG Electronics, a key subsidiary, is a major player in the global consumer electronics industry. It is the world's second-largest television manufacturer, behind Samsung. LG has led the OLED TV market for 12 consecutive years, holding a 52.4% market share in 2024. Recent innovations include the UltraGear evo gaming monitor with 5K AI Upscaling. LG's focus on OLED technology and AI integration is a key driver in maintaining its market leadership. In early 2026, LG showcased new products at KBIS 2026, including luxury home living appliances and expanded SKS appliance lineups. LG's brand value was estimated at USD 6.5 billion in 2024, reflecting strong customer loyalty.
