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LG said Vietnam provides an "abundant labor force" and that 750 workers at its South Korean handset factory would be relocated to its home appliance plant. On 5 April 2021, LG announced its withdrawal from the phone manufacturing industry after continuous loss in the market. In 2020, LG faced a loss of 5 trillion won (US$4.4 billion). [20] [21 ...
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LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi. [4] In 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both ...
A commercial washing machine is intended for more intensive use than a consumer washing machine. [145] Durability and functionality is more important than style; most commercial washers are bulky and heavy, often with more expensive stainless steel construction to minimize corrosion in a constantly-moist environment.
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