In 2010, LG Electronics entered the smartphone industry. As of 2009, its display manufacturing affiliate, LG Display, was the world's largest LCD panel manufacturer. By 2005, LG was a Top 100 global brand and recorded a brand growth of 14% in 2006. LG Electronics plays a large role in the global consumer electronics industry it was the second-largest LCD TV manufacturer worldwide as of 2013. It was then merged with and into LG CI in 2003 (the legal successor of the former LG Chem), so the company that started as GoldStar does not exist. In order to create a holding company, the former LG Electronics was split off in 2002, with the "new" LG Electronics being spun off and the "old" LG Electronics changing its name to LG EI. In 1999, LG Semiconductor merged with Hynix. In 1998, LG developed the world's first 60-inch plasma TV and established a joint venture in 1999 with Philips – LG.Philips LCD – which now goes by the name LG Display. The company was also awarded UL certification in the US. Also in that year, LG Electronics made the world's first CDMA digital mobile handsets and supplied Ameritech and GTE in the US, the LGC-330W digital cellular phone. In 1995, LG Electronics acquired the US-based TV manufacturer Zenith and absorbed it four years later. In 1994, GoldStar officially adopted the LG Electronics brand and a new corporate logo. In 1982, Goldstar opened its first overseas factory, which was based in Huntsville, Alabama. Goldstar first went public in 1970 by 1976, it was producing 1 million televisions annually. GoldStar merged with Lucky Chemical and GoldStar Cable on 28 February 1995, changing the corporate name to Lucky-Goldstar and then finally to LG Electronics. GoldStar was one of the LG groups with a brethren company, Lak-Hui (pronounced "Lucky") Chemical Industrial Corp. The start of the country's national broadcasting that created a booming electronics market and a close relationship it quickly forged with Hitachi helped GoldStar to produce South Korea's first radios, TVs, refrigerators, washing machines and air conditioners. It was established in the aftermath of the Korean War to provide the rebuilding nation with domestically produced consumer electronics and home appliances. In 1958, LG Electronics was founded as GoldStar ( Hangul: 금성). History 1958–1960s GoldStar television (VD-191), manufactured in 1966 LG Micro Hi-Fi Audio system, circa 2008. The company has 128 operations worldwide, employing 83,000 people. LG Electronics is also the world's second largest TV manufacturer behind Samsung Electronics. LG Electronics acquired Zenith in 1995 and the largest shareholder of LG Display, world's largest display company by revenue in 2020. It comprises four business units: home entertainment, mobile communications, home appliances & air solutions, and vehicle components. LG Electronics is a part of LG Corporation, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Corp with the group's chemical and battery division LG Chem. ( Korean: 엘지 전자 RR: Elji Jeonja) is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea.
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