LG Group founder In Hwoi, Koo set LG history in motion with the establishment of the Lak Hui Chemical Industrial Corp. in 1947. During those formative years, the company emphasized the principle of creating harmony among people. The employees believed that mutual trust and responsibility were crucial to accomplishing business objectives.In 1952, Lak Hui (currently LG Chem) became the first Korean company to enter the plastics industry. As the company expanded its plastics business, it established Glodstar Co., Ltd., (currently LG Electronics Inc.) in 1958. In 1959, Goldstar produced Korea's first radio, opening a new era the nation's electronics industry. In the early 1950s, LG had already established the foundation for its two major sectors-the chemical and electronics businesses-thereby leading the development of Korea's industries.
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For over 70 years, SAMSUNG has been dedicated to making a better world through diverse businesses that today span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, hotels, and more. SAMSUNG's flagship company, SAMSUNG Electronics, leads the global market in high-tech electronics manufacturing and digital media.
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