LG Electronics Inc. is a South Korean multinational corporation founded in 1958 as GoldStar, rebranded as LG Electronics in 1995.
Headquartered in Seoul, South Korea, LG Electronics is part of the LG Corporation, the fourth-largest chaebol in South Korea. It comprises four business units: Home Entertainment, Mobile Communications, Home Appliances & Air Solutions, and Vehicle Components. Notable for its consumer electronics, it's the world's second-largest TV manufacturer.
LG Electronics has a global presence with 128 operations worldwide and over 75,000 employees as of 2022. It generated a revenue of ₩83.5 trillion (approx. $62.32 billion USD) in 2023.
The company has faced controversies, including a human rights issue in 2015 and a lawsuit in 2017 for hardware failures in smartphones. LG Electronics withdrew from the phone manufacturing industry in 2021 after continuous losses.
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