LG Corporation, founded in 1947 by Koo In-hwoi and formerly known as Lucky-Goldstar, stands as South Korea's fourth-largest conglomerate. From its inception in the chemicals industry, it expanded into electronics, household appliances, and telecommunications. Over generations, the Koo family has managed LG, with Koo Bon-moo rebranding it to LG in 1995. Following his passing in 2018, Koo Kwang-mo succeeded as CEO. LG, symbolizing "Life's Good," operates globally with subsidiaries like LG Electronics and LG Chem. In 2021, LG Electronics ceased its mobile phone business, marking the end of a 26-year journey.
