Lg Project Report

The trajectory of LG Electronics, its growth and diversification, has always been grounded in the company ethos of making our customers' lives ever better and easier-happier, even-through increased functionality and fun.

Since its founding in 1958, LG Electronics has led the way to an ever-more advanced digital era. Along the way, our constantly evolving technological expertise has lent itself to many new products and applied technologies. Moving forward into the 21st century, LG continues to on its path to becoming the finest global electronics company, bar none.

LG Electronics 50-year History

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1958 Founded as GoldStar

1959 Produce Korea's first consumer radios

1998 Introduce the 60-inch plasma TV

1999 Forge joint venture with Philips

2003 Enter UK GSM handset market

2005 Develop 3G UMTS DMB handset

2007 Launch HD disc-player and drive
1958
GoldStar (today’s LG Electronics) established
1959
Korea’s first radio produced
1965
Korea’s first refrigerator produced
1966
Korea’s first black & white TV produced
1968
Korea’s first air conditioner produced
1969
Korea’s first washing machine produced
1974
GoldStar Communications went public
1977
Color TV produced
1978
Exports surpassed US$100 million, a first for Korea’s electronics industry
1980
First EU sales subsidiary in Germany (LGEWG) established
1982
Color TV plant established in the US in Huntsville, Alabama
1984
Sales surpassed 1 trillion Won
1986
European-standard VCR plant established in Germany
1989
Sales subsidiary and a joint production subsidiary established in Thailand
1990
Ireland-based design technology center established
1993
With the establishment of Huizhou subsidiary in China(LGEHZ), marketing in China took full swing
1995
Company name changed to LG Electronics and US-based Zenith acquired
1997
40-inch Plasma TV and the world’s first IC set for DTVs developed India production subsidiary (LGEIL) established
1998