LG Electronic Company

All leading companies in the world have started small but capitalized on their strengths to become world leaders. Let us look t the strengths of LG. Today LG is one of the leading names among the Korean companies in the world. It is known to be a major player in the consumer durables industry, but little of it is known besides that. This is an attempt to view it as a corporate entity.

LG is a relatively recent company having started in 1947 as Korea's first chemical company. This then became the first home appliance company in 1958. Today it is a conglomerate of 49 subsidiaries out of which 20 are listed on the Korea Stock Exchange or KOSDAQ. These 49 units totally have 300 subsidiaries and over 140,000 employees worldwide. The total turnover for the group in 2001 showed a turnover of KRW 700 trillion. The...
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