11 Facts About LG

1.

LG Corporation, formerly Lucky-Goldstar from 1983 to 1995, is a South Korean multinational conglomerate founded by Koo In-hwoi and managed by successive generations of his family.

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2.

LG Corporation was established as Lak Hui Chemical Industrial Corp.

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3.

LG continues to manufacture some of these products for the South Korean market, such as laundry detergent.

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4.

LG then passed the leadership to his son, Koo Bon-moo, in 1995.

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5.

In 2005, LG entered into a joint venture with Nortel Networks, creating LG-Nortel Co.

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6.

On 30 November 2012, comScore released a report of the October 2012 U S Mobile Subscriber Market Share that found LG lost its place as second in the U S mobile market share to Apple Inc.

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7.

On 20 January 2013, LG has overtaken Apple to become second largest in U S market share.

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8.

On 7 August 2013, comScore released a report of the June 2013 U S Smartphone Subscriber Market Share that found LG fell to fifth place in the U S mobile market share.

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9.

LG Corporation is a holding company that operates worldwide through more than 30 companies in the electronics, chemical, and telecom fields.

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10.

LG operates the Coca-Cola Korea Bottling Company, manages real estate, offers management consulting, and operates professional sports clubs.

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11.

LG is a partner of the American professional baseball team Texas Rangers.

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