LG Group
News and overview for LG Group
LG Innotek Adopts Fresco Microchip's Universal Demodulator [Press Release]
MarketWire | 3 days 12 hours 16 minutes ago
TORONTO -- (Marketwire) -- 11/18/09 --
Canadian Solar Announces 10 MW Co-Operation Memorandum of Understanding with LG in Korea [Press Release]
PRNewswire | 73 days 18 hours 14 minutes ago
ONTARIO, Canada, Sept. 9 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (the "Company", "Canadian Solar" or "we")
LG Telecom positions itself by absorbing partners
CTIA SmartBrief | 38 days 3 hours 16 minutes ago
No. 3 South Korean carrier LG Telecom will absorb its sister units in the LG Group -- fixed-line provider Dacom and ISP Powercom...position and boost profits, the company said today. LG's decision comes on the heels of a similar move...
LG Bets Display Future on Paju Cluster
Korea Times, The | 6 days 21 hours 3 minutes ago
PAJU, Gyeonggi Province - South Korean conglomerate LG Group relies on consumer electronics products and high-tech components as its bread and butter
The Korea Herald : The Nation's No.1 English Newspaper
Korea Herald (Seoul), The | 4 days 4 minutes ago
LG Chem, a leading Korean maker of electric vehicle batteries, is accelerating its move into the U.S. market. It plans to start construction of a factory in Michigan in July next year, which will be subsidized by the U.S. federal and state governments.
New Course for Microwaves?
Los Angeles Business Journal | 9 hours 3 minutes ago
A former Hollywood producer's concern for his disabled son has put him on the cusp of what may be the next big thing in microwave ovens.
Trouble in TV Land
Korea Times, The | 10 days 16 hours 49 minutes ago
Light-emitting diode (LED) backlit liquid-crystal display (LCD) televisions are currently at the center of the television industrys competition.
Ike Lee Named CEO of Enprecis Asia, Inc. [Press Release]
PRNewswire | 79 days 16 hours 44 minutes ago
...and contributor." Ike moved to the US in 1980 after completing his education in Korea and having worked 3 years at LG Group. His career in the US as an investor, venture capitalist, and advisor to numerous early stage innovative technology...
Critical Alerts for ConocoPhillips, Amgen, Netflix, LG Display, and Penske Automotive Released by Seven Summits Research [Press Release]
PRNewswire | 36 days 13 hours 45 minutes ago
...ConocoPhillips, Amgen, Netflix, LG Display, and Penske Automotive...Amgen Inc. , Netflix, Inc. , LG Display Co., Ltd. , and Penske Automotive Group, Inc. . In today's unsure...independent investment research group, which focuses on the U.S...
LG forecasts 20% growth in handset sales
FierceWireless | 17 days 15 hours 15 minutes ago
LG Electronics is predicting a 20 percent rise in its handset sales in both 2009 and for 2010, a bullish estimate that contrasts with relatively tepid expectations for overall growth in the handset... Read more >>
European stocks pull back ahead of data - MarketWatch
MarketWatch | 15 days 21 hours 45 minutes ago
European stocks pull back ahead of data
Seoul KOSPI at 3-wk high on LG Household, Daewoo Sec
Forbes | 4 days 5 hours 53 minutes ago
By Kim Yeon-hee SEOUL, Nov 18 (Reuters) - Seoul shares posted a three-week high on Wednesday, with LG Household soaring on hopes for its possible purchase of a domestic rival and financial stocks rising on views markets might have bottomed out.
LG to Combine Telecom Units
Korea Times, The | 44 days 18 hours 56 minutes ago
The LG Group is planning to consolidate its three telecommunications subsidiaries by the end of the year as it looks to add bulk to compete with bigger industry rivals KT and SK Telecom
Former Minister to Lead Bulked-up LG Telecom
Korea Times, The | 37 days 18 hours 5 minutes ago
LG Group is tapping a former high-tech policymaker to head a combined company of its three telecommunications business units, taking a leaf from the book of industry giant KT
Korea's LG Telecom merges with two affiliates
FinanceAsia.com | 37 days 9 hours 56 minutes ago
LG Telecom, Korea's third biggest mobile phone operator, follows the trend and absorbs its fixed-line and broadband siblings.
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Company Overview
| Company: | LG Group |
|---|---|
| Industry: | Petroleum & Petroleum Products Wholesalers |
| Website: | http://www.lg.net/index.jsp |
LG Group used to be Lucky, but this leading South Korean "chaebol" (family-run industrial group) has faced bad luck (difficult economic times) as well. Formerly known as Lucky Goldstar after its two founding companies, the multifaceted industrial group consists of 53 affiliated businesses that operate through about 150 subsidiaries in Korea and around the globe. After de-merging with GS Holdings Corp., its major operations are now divided into three business sectors: Chemicals (LG Chem), Electronics (LG Electronics, Luseum, and Sitron), and Telecommunications and Services (LG TeleCom, LG DACOM, and LG CNS).
Key Numbers
| Sales in U.S. Dollars (mil.) | 71,275.797 (2008) |
|---|---|
| One-year % Growth in Sales | -12.5 (2008) |
| Net Income in U.S. Dollars (mil.) | 2,343.8 (2008) |
| One-year % Growth in Net Income | -39.6 (2008) |
| Number of Employees | 177,000 (2008) |
| One-year % Growth in Number of Employees | 10.6 (2008) |
| Fiscal Year-End | December |