LG stands for Lucky Goldstar. It is a multinational electronics company that manufactures a wide range of electronic products, telecom products and chemicals. It is based in South Korea and its headquarters is in Yeouido, Soeol, South Korea.
LG Corporation established as Lak Hui Chemical Industrial Corp. in 1947. In 1952, Lak Hui (pronounced “Lucky”, currently 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. (currently LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged and formed Lucky-Goldstar in 1983.
Read more: https://en.wikipedia.org/wiki/LG_Corporation
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