Engineering:LG

From HandWiki
LG Corporation
Native name
주식회사 엘지
FormerlyLucky (1947–1983)
Lucky-Goldstar (1983–1995)
TypePublic
Short description: Securities exchange operator in South Korea
Korea Exchange
한국거래소
File:150px
File:View of Busan International Finance Center from Jeonpo Samgeori bus stop.jpg
TypeStock exchange
LocationBusan & Seoul, South Korea
Coordinates [ ⚑ ] 35°08′12″N 129°03′53″E / 35.136721°N 129.064746°E / 35.136721; 129.064746 (Busan)
Founded1956; 70 years ago (1956)
Key peopleSohn Byung-doo
(Chairman & CEO)
CurrencySouth Korean won
No. of listings2,901 (as of January 2026)[1]
Market cap₩4,277 trillion KRW ($2.95 trillion USD)[2]
IndicesKOSPI
KOSPI 200
KOSDAQ
Websitewww.krx.co.kr
global.krx.co.kr

Template:Infobox Korean name/auto Korea Exchange (KRX, Korean: 한국거래소) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.

History

The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of December 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3]

On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4]

On 10 April 2025, the KOSPI and KOSDAQ soared when President Donald Trump announced that he would suspend the mutual tariffs. In response, the Korea Exchange triggered a buy sidecar for the KOSPI market at 09:06 a.m. for the first time in eight months.[5]

In April 2025, the Korea Exchange signed a contract with the Thai Stock Exchange to supply the system for liquidation and settlement. A source at the exchange said it expects the deal to further strengthen the position of the Korean stock market infrastructure in Southeast Asia.[6]

Traded instruments

KOSPI Market Division
  • Stocks
  • Bonds
  • Exchange-traded funds (ETFs)
  • Exchange-Linked Warrants (ELWs)
  • Real estate investment trusts (REITs)
KOSDAQ Market Division
  • Stocks
Derivatives Market Division
  • Index Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
  • Single Stock Futures
  • Equity Options
  • Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
  • Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
  • Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures

Trading hours

Session Trading Hours Quotation Receiving Hours
Regular Session 09:00 ~ 15:30 08:00 ~ 15:30
Off-hours Session Pre-hours 07:30 ~ 09:00 07:30 ~ 09:00
Off-hours Session Post-hours 15:40 ~ 18:00 15:30 ~ 18:00
[7]

Quotations are quotes submitted by the Members on behalf of their customers and are submitted to the Exchange only during Quotation Receiving Hours.

Trading days in KRX KOSPI markets are from Monday through Friday and no trading or settlement is made on the following days:[8]

  • Holidays according to government regulations (which includes Sundays, National Election days, etc)
  • Labor Day (May 1st)
  • Saturdays
  • December 31st when it's a holiday or a Saturday, otherwise the previous business day closest to December 31st
  • Certain days deemed necessary by the KRX due to market conditions.

See also

References

  1. ↑ "Global KRX". http://global.krx.co.kr/main/main.jsp. 
  2. ↑ ""KRX KRX Data Marketplace"". https://data.krx.co.kr/contents/MDC/MAIN/main/index.cmd. 
  3. ↑ Market Hours, Korea Exchange via Wikinvest
  4. ↑ "UN Secretary-General Joins Business Leaders in Seoul, Calls for Urgent Action on Poverty, Climate Change and Conflict". https://www.unglobalcompact.org/news/1881-05-19-2015. 
  5. ↑ "[속보 코스피시장 매수 사이드카 발동…8개월만"] (in ko). 2025-04-10. https://www.mk.co.kr/news/business/11287703. 
  6. ↑ "한국거래소, 태국증권거래소에 청산결제시스템 공급한다" (in ko). 2025-04-14. https://m.sedaily.com/NewsView/2GRINUO941#cb. 
  7. ↑ https://global.krx.co.kr/contents/GLB/01/0109/0109000000/guide_to_trading_in_the_korean_stock_market.pdf
  8. ↑ "Global KRX | Regulation | Stocks | KOSPI Market | Trading". https://global.krx.co.kr/contents/GLB/06/0602/0602010201/GLB0602010201.jsp#826f2bceb71bdd795d4f782fda605cb1=1. 

Template:Stock exchanges top 18 Template:Economy of South Korea


IndustryConglomerate
Founded5 January 1947; 79 years ago (1947-01-05) (as Lucky)
October 1958; 67 years ago (1958-10) (as Goldstar)
January 1983; 43 years ago (1983-01) (as Lucky-Goldstar)
4 January 1995; 31 years ago (1995-01-04) (as LG)
FounderKoo In-hwoi
Headquarters
Seoul
,
South Korea
Area served
Worldwide
Key people
  • Koo Kwang-mo (chairman and CEO)
  • Kwon Young-soo (vice chairman)
Products
RevenueKRW87.7 trillion (US$FXConvert/Wordify error: cannot parse value "Undefined year """) (2024)[1]
Owners
  • Koo family (45.9%)[2]
  • NPS (8.03%)[2]
  • Mirae Asset (5.5%)[2]
Number of employees
222,000 (2023)[3]
Subsidiaries
Websitelgcorp.com

LG Corporation (or LG Group),[lower-alpha 2] formerly known as Life's Good,[lower-alpha 3] is a South Korean multinational conglomerate founded by Koo In-hwoi in 1947 and managed by successive generations of his family. Headquartered in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo District, in Seoul, it was the sixth-largest company in South Korea by revenue in 2023. LG develops, manufactures, and markets electronics, chemicals, household appliances, and telecommunications products. It operates subsidiaries in over 80 countries, including LG Electronics, Zenith, LG Display, LG Uplus, LG Innotek, LG Chem, LG Energy Solution, and LG AI Research.

History

LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi.[4] Its first product was "Lucky Cream", the first Korean make-up cream.[5] In 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both companies Lucky and GoldStar merged to form Lucky-Goldstar in 1983.[6]

GoldStar produced South Korea's first radio.[6] Many consumer electronics were sold under the brand name GoldStar, while some other household products (not available outside South Korea) were sold under the brand name of Lucky. The Lucky brand was famous for hygiene products such as soaps and HiTi laundry detergents, but the brand was mostly associated with its Lucky and Perioe toothpaste. LG continues to manufacture some of these products for the South Korean market.

Koo In-hwoi led the corporation until his death in 1969, at which time, his son Koo Cha-kyung took over. In 1995, he passed the leadership to his son, Koo Bon-moo. Koo Bon-moo renamed the company to LG in that year.[6] The company then trademarked the letters LG with the company's tagline "Life's Good". LG has owned the domain name LG.com since 2009. It had operated LG.co.kr since 1997.[7]

LG replaced its old logo with a new one on 30 December 2014, changing the wordmark font from Helvetica to LG Smart, the new custom corporate typeface of the company since 2013.

Koo Bon-moo died of a brain tumor on 20 May 2018.[8] In July 2018, it was announced that Koo Kwang-mo, the nephew and adopted son of Koo Bon-moo, will be the new CEO of LG. Koo Bon-moo adopted his nephew in 2004, after losing his only son in 1994,[9] citing "a family tradition of male-only succession".[10]

LG jingle

LG jingle
Sample of the jingle [0:03] via

The G-E-F-D-E-C-C' jingle was produced by Musikvergnuegen and written by Walter Werzowa (who had previously composed the Intel bong) in 2008. The jingle has been featured in LG commercials and devices and is recognised worldwide. It is derived from the English traditional tune "The Lincolnshire Poacher".[11][12][13]

Logo history

Corporate affairs

LG Corporation is a holding company that operates worldwide through more than 30 companies in the electronics, chemical, and telecom fields. It is headquarteres in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo District, Seoul.[15] Its electronics subsidiaries manufacture and sell products ranging from electronic and digital home appliances to televisions and mobile telephones, from thin-film-transistor liquid-crystal displays to security devices and semiconductors. In the chemical industry, subsidiaries manufacture and sell products including cosmetics, industrial textiles, rechargeable batteries and toner products, polycarbonates, medicines, and surface decorative materials. Its telecom products include long-distance and international phone services, mobile and broadband telecommunications services, as well as consulting and telemarketing services. LG also operates the Coca-Cola Korea Bottling Company, manages real estate, offers management consulting, and operates professional sports clubs.[16]

LG AI Research was launched in December 2021. In 2021, the company announced its first version of EXAONE.[17] In 2023, the company stated that the language model reduced costs by 78% by making inference faster and using memory more efficiently and multimodal model used more memory to improve content quality while significantly increasing inference speed, leading to a 66% cost reduction.[18]

Corporate governance

As of September 2023:

Shareholder Stake (%) Flag
Koo Kwang-mo 15.95%
National Pension Service 6.83%
Silchester International Investors 6.03%
Koo Bon-sik 4.48%
Kim Young-sik 4.20%
Koo Bon-neung 3.05%
Koo Yeon-kyung 2.92%
LG Yonam Foundation 2.13%
Koo Bon-joon 2.04%
LG Yonam Cultural Foundation 1.12%
Koo Yeon-soo 0.72%
Kim Sun-hye 0.69%
Koo Mi-jung 0.69%
Lee Uk-jin 0.61%
Koo Hyung-mo 0.60%
LG Evergreen Foundation 0.48%
Koo Ja-young 0.34%
LG Welfare Foundation 0.23%

Subsidiaries

  • LG Electronics
  • LG Display
  • LG Innotek
  • LG Chem
  • LG Energy Solution
  • LG Household & Health Care
  • LG AI Research
  • LG U+
  • LG CNS
  • G2R
  • HS Ad

Associated companies

  • GS Group
  • LS Group
  • LIG Group
  • LX Group

Sports sponsorship

LG owns the South Korean professional baseball team LG Twins, and is the main sponsor of basketball team Changwon LG Sakers. LG is also a partner of the American professional baseball team Texas Rangers.[19]

LG also sponsored football clubs Girondins de Bordeaux from 1999 to 2000, Leicester City F.C. from 2001 to 2003, Olympique Lyonnais from 2004 to 2006, AEK Athens from 2006 to 2009, Fulham F.C. from 2007 to 2010 and Bayer 04 Leverkusen from 2013 to 2016.[20]

Notes

  1. ↑ The logo's symbol has been in use since 4 January 1995.
  2. ↑ Korean: 주식회사 엘지[needs update]
  3. ↑ Korean: Leokki Geumseong; Korean: 럭키금성; Hanja: 樂喜金星

References

  1. ↑ "LG Electronics LG Announces Fourth-Quarter and Full-Year 2024 Financial Results". https://lgcorp.com/media/release/28610. 
  2. ↑ 2.0 2.1 2.2 "Error: no |title= specified when using {{Cite web}}" (in ko). FnGuide. n.d.. https://comp.wisereport.co.kr/company/c1070001.aspx?cn=&cmp_cd=003550. 
  3. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named Corporate Information
  4. ↑ "HISTORY — The Official Site of LG Group". http://www.lg.net/about/history.dev. 
  5. ↑ "The Roots of the LG Brand, "Lucky" and "Goldstar"". https://www.lgcorp.com/about/ci/story. 
  6. ↑ 6.0 6.1 6.2 Song, Su-hyun (12 February 2017). "LG founder bequeaths principle of harmony, sustainable growth". The Korea Herald. http://www.koreaherald.com/view.php?ud=20170212000158. 
  7. ↑ "Welcome to LG : Global Business Group". http://www.lg.co.kr/. 
  8. ↑ "LG Chair Koo Bon-moo, Who Ran Company for 23 Years, Dies at 73". Fortune. 20 May 2018. http://fortune.com/2018/05/20/koo-bon-moo-lg-dies/. 
  9. ↑ Kim, Hooyeon; Park, Kyunghee (20 May 2018). "LG Chair Koo Bon-Moo Dies, Leaves Company to Adopted Son". Bloomberg News. https://www.bloomberg.com/news/articles/2018-05-20/lg-group-chair-koo-bon-moo-dies-leaves-company-to-adopted-son. 
  10. ↑ Lee, Ji-yoon (10 July 2018). "LG's Koo Bon-joon prepares to depart". http://www.theinvestor.co.kr/view.php?ud=20180710000687. 
  11. ↑ "Does LG or Samsung Have a Catchier End-of-Cycle Song? TikTok Is on the Case". 1 March 2023. https://www.housebeautiful.com/shopping/home-gadgets/a43132284/lg-samsung-laundry-song-tiktok-trend/. 
  12. ↑ Steiner, P. (2025:114). Quick Guide Sound Marketing: Wie Sie mit akustischen Reizen Ihre Marke stärken. Germany: Springer Fachmedien Wiesbaden.
  13. ↑ "Washing Machine Song – LG Washing Machine Song". https://musescore.com/user/28662213/scores/9601027. 
  14. ↑ "LG updates global brand identity to appeal to Gen Z". Campaign Asia. 12 April 2023. https://www.campaignasia.com/article/lg-updates-global-brand-identity-to-appeal-to-gen-z/483997. 
  15. ↑ "Corporate information". LG Global. n.d.. https://www.lg.com/global/corporate-info/. 
  16. ↑ "Our Businesses". LG. http://www.lgcorp.com/about/affiliatesList.dev. 
  17. ↑ "'The convergence between of AI and the Biology' LG Creates "Next-Generation Protein Structure Prediction AI" for Drug Discovery". Yahoo Finance. https://finance.yahoo.com/news/convergence-between-ai-biology-lg-130000609.html. 
  18. ↑ Nuñez, Michael (2024-08-08). "LG unleashes South Korea's first open-source AI, challenging global tech giants" (in en-US). https://venturebeat.com/ai/lg-unleashes-south-koreas-first-open-source-ai-challenging-global-tech-giants/. 
  19. ↑ "Texas Rangers, LG Twins announce partnership agreement" (Press release). Major League Baseball. 21 February 2018. Retrieved 19 December 2023.
  20. ↑ "Bayer 04 Leverkusen Sponsor History LG: 2013-2016". Football Kit Archive. https://www.footballkitarchive.com/bayer-04-leverkusen-sponsor-history/. 

Template:LG Corporation Template:Chaebol Template:KOSPI 200



Retrieved from "https://handwiki.org/wiki/index.php?title=Engineering:LG&oldid=4357209"