LG was originally established in 1958 as GoldStar, producing radios, TVs, refrigerators, washing
and air conditioners. The LG Group was a merger of two Korean companies, Lucky and GoldStar,
from which the
abbreviation of LG was derived. The current "Life's Good" slogan is a backronym. Before the
change to LG, household products were sold under the brand name of Lucky, while electronic
sold under the brand name of GoldStar.
In January 2009 LG was able to buy the domain name, LG.com, placing it among the companies who
two letter brand's domain name.
In 1994 GoldStar gained sponsorship from The 3DO Company to make the first 3DO Interactive
1995, GoldStar was renamed LG Electronics, and acquired Zenith Electronics of the United States.
Energy is a subsidiary formed in 2007 to allow LG Chem to supply polysilicon to LG Electronics
production of solar cells to manufacture solar panels. In 2008, LG took its first dive into the
manufacturing pool, as it announced a preliminary deal to form a joint venture with Conergy.
Under the deal,
set to be completed by year's end, LG would acquire a 75 percent stake in Conergy's Frankfurt
plant for LG solar panels.