LG Corporation – Development and Success

LG is now one of the major corporations in Korea, its main products include electronics, phones and petroleum products. The group has important subsidiaries such as LG Electronics and LG Chemical.

Founded on January 5, 1947, as of 2019, LG Group has 72 years of operation and development. The head office is located in Seoul, Korea, but its reach has reached the global level. LG's main products are: electronics, chemicals, telecommunications, engineering, information technology, electrical energy. Let's dig deeper into the largest subsidiary of LG group: LG Electronics LG Electronics, formerly known as GoldStar, was founded in October 1958 and officially changed its name to LG Electronics in 1995. Lich-su-logo-LG.jpgLG Electronics is the subsidiary with the largest number of employees with 82,000 people working in 119 headquarters and factories worldwide. Revenue in 2014 reached USD 55.91 billion. LG Electronics focuses on different ways: entertainment, connected phones, home applications and air conditioning solutions, in addition to car components. LG Electronics' philosophy revolves around people, sincerity and sticking to the fundamentals. LG Electronics aims to approach, understand its customers to constantly innovate and provide optimal solutions to make the lives of LG customers better. LG wants to reach discerning consumers with acumen – or those who are constantly discovering new things and taking on new challenges to experience more and live a better life. With the guideline Life's Good - the good life: LG Electronics company becomes more real, always developing the traditional brand philosophies in the most harmonious way in the modern world. Some typical product lines of LG Electronics company such as: 1. Household appliances and air solutions: Refrigerator, LG washing machine, Dishwasher, Kitchen equipment, Vacuum cleaner, Home appliance wall mounted kitchen, LG air conditioner, Air purifier, Dehumidifier. 2. Audiovisual and entertainment equipment: TVs, Audio & Video, Computer Monitors, PCs & Other Accessories, Commercial products 3. Mobile devices: G Series, V Series, F Series, L Series II, K Series 4. Car solutions: Automotive touch screen, HVAC & Motor, Transportation engineering 5. Business solutions: Enterprise display solutions, solar solutions, energy storage system (ESS), energy management system (EMS)

LG Electronics also creates a very professional working environment with standards and codes of conduct for each employee. LG Electronics is committed to the "success through principles" operating code. The company has always considered transparent and honest management principles as the foundation for individual success and global competition. Through its worldwide operations, LG Vietnam is committed to complying with local laws and regulations, competing fairly, and ensuring the highest standards of business ethics. The LG Electronics Code of Conduct sets clear standards of legal compliance that all LG employees need to adhere to in order to realize the provisions of LG's code of ethics.

Since 1995 LG Electronics was officially present in Vietnam, and has become a familiar brand to Vietnamese consumers. In parallel with business activities, LG Company with the motto "people is the first priority", continuously participates in the implementation of social charity programs, in which the famous "road to Olympia" of LG The past 14 years have been associated with the development of education and talent training in Vietnam.