LG Corporation is a South Korean conglomerate that is based in Seoul. LG operates a number of subsidiaries including LG Electronics, LG Display, LG Telecom, and LG Chem. The conglomerate specializes in developing electronics, telecom products, and chemicals. LG Corp. was founded in 1947 by Koo In-Hwoi. Koo first established Lak-Hui Chemical Industrial Corp. in 1947. Today, Lak-Hui (pronounced lucky) is known as LG Chem. The company then expanded its business and created Goldstar Co. Ltd, now known as LG Electronics Inc. Both companies merged and formed Lucky-Goldstar, which was eventually renamed “LG” in 1995.

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