Goldstar Electronics

LG Electronics is one of the leading manufacturers of electronic products. In 2009, this company is the third largest producer of mobile phones and the second largest producer of television sets worldwide. Its headquarters is located in the twin towers of LG in Seoul, South Korea. The organization has about 149 subsidiaries worldwide that manufacture various types of electronic gadgets from home appliances to telecommunications equipment. Electronics is one of the top 100 global brand is a dominant force to be reckoned within the electronics industry.

The company started in 1947 under the trade name Lak Hui. At the time, it was not an electronics company, but much more of a cosmetic and commercial activities. Then in 1958, Goldstar has been created by In-Koo Hwoi, who was the founder of Lak Hui. Note that Goldstar created the first radio in Korea. Today marks the letter G in LG Electronics roots of its name-Goldstar original manufacturer.

Then in the 1960s, Goldstar, which was the electronics division of Lak Hui increased exponentially. In 1962, Goldstar radios were exported to countries including the United States. By 1965, the first refrigerator Goldstar in Korea. Then the following year, they created Korea's first black and white TV. Then in 1968, Korea's first air conditioner was produced and followed the next year. As shown here, when Electronics was still generally known as Goldstar, he was already the home manufacturer pioneering device in its native South Korea.

In the 1970s, Koo Cha-Kyun assumed leadership of the organization. According to him, Luk Hai changed its name to "Lucky", thus forming the original meaning of the letter L in LG Electronics. As a pioneer in the invention of electronics, they have made the first color television in Korea in 1977. In 1978, exports reached 100 million dollars.

Then in the 1980s, LG Electronics is currently using the initials refer to LG Lucky Goldstar. It has increased throughout the decade. The first European subsidiary was established in Germany. A factory color TV was created in the USA. Then, a European plant manufacturing standard VCR was inaugurated in Germany. Then at the end of the decade, the organization was currently a sales subsidiary and joint venture production in Southeast Asia they established one in Thailand. In the history of LG, the 1980s were called the decade of international expansion. The LG electronics, then known as the Fortunate Goldstar sold cheaper appliances and other forms of telecommunication devices compared to Japanese brands.

In the 1990s, the company has been increasingly aggressive on the international market. In early 1990, they established a design center based in Ireland technology. Then in 1993, with the opening of the subsidiary Huizhou marketing in mainland China have become bigger. In 1995 Fortunate Goldstar has officially changed its name to electronics. In the same 12 months, they have acquired the U.S. company named Zenith. In 1997, LG Electronics has established a subsidiary in India. A 12 months after the organization created the first 60-inch PDP TV.

By 2000, LG Electronics has launched a refrigerator that can be purchased via the Web. They have also become the first manufacturer in terms of LCD TVs, mobile phones and personal computer hardware. In 2001 LG Electronics has launched appliances that can be purchased via the web. These were the latest models of LG Electronics in the washing machine, air conditioner, and microwave. He also became the market leader in the CDMA market in Australia. LG Electronics also increased their exports GSM mobile phones to European countries like Russia and Italy. In.