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LG Corporation (or LG Group), [b] formerly known as Lucky-Goldstar, [c] is a South Korean multinational conglomerate founded by Koo In-hwoi in 1947 and managed by successive generations of his family. It is the fourth-largest chaebol (family-run conglomerate) in South Korea.
GoldStar television (VD-191), manufactured in 1966 LG Micro Hi-Fi Audio system, c. 2008. In 1958, LG Electronics was founded as GoldStar (Korean: 금성).It was established in the aftermath of the Korean War to provide the rebuilding nation with domestically produced consumer electronics and home appliances.
Koo In-hwoi (Korean: 구인회; Hanja: 具仁會, 26 August 1906 – 31 December 1969) was a South Korean businessman and the co-founder of LG Group, [1] one of the largest chaebols in South Korea. [2]
Legal successor merged into LG Corp, business divisions spun off into a new LG Electronics GoldStar was a South Korean electronics company established in 1958. The corporate name was changed to LG Electronics and LG Cable on February 28, 1995, after merging with Lucky Chemical .
In 1995, Koo succeeded his father Koo Cha-kyung, the oldest son of LG's founder Koo In-hwoi [4] as chairman of LG Group because of the Koo family's “male-only succession rule". [5] Koo Bon-moo adopted his nephew Koo Kwang-mo in 2004, after losing his only son in 1994. [6] Starting in 2017, Koo Bon-moo sought continual treatment for a brain tumor.
Founded in 1947, Koo In-Hwoi (Founder of LG Corp) established Lucky Chemical Industrial Corp, and launched "Lucky Cream," the very first cosmetics product in Korea. In 1954, the company also launched Korea's first toothpaste brand, 'Lucky Toothpaste'. In February 1995, the company changed its name to LG Chemical Ltd.
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Zenith Electronics, LLC, is an American research and development company that develops ATSC and digital rights management technologies. It is owned by the South Korean company LG Electronics.