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Home > Company Index > Conglomerates > Conglomerates > LG Group

LG Group
 NEWS FROM THE STANDARD
Apple to Lay Off 500 in Ireland
Feb 01 1999 12:00 AM PST

 PROFILE
With Asia's financial troubles of the late 1990s still weighing it down, LG Group (formerly Lucky Goldstar) is looking for its lucky star. LG Group is one of the five largest "chaebol" (family-run industrial groups) in South Korea. With operations in over 120 countries, the group organizes its principal activities into chemicals and energy (LG Chemical, South Korea's largest chemical company), electronics and telecommunications, (LG Electronics, one of the largest consumer electronics firms in South Korea), financial services (LG Investment & Securities), and trading and service (LG International). Like all South Korean "chaebol", the LG Group is being reorganized because of the nation's financial collapse.

 COMPETITION
Hyundai Group (dossier)
SK Group (dossier)
Samsung Group (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 72,615.60
1-Yr. Sales Growth: 9.2%
Employees: 100,000
Revenue per employee: $726,156.00

 KEY PEOPLE
• Koo Bon-Moo
    CEO

 CONTACT INFO
LG Twin Towers, 20 Yoido-dong, Youngdungpo-gu
Seoul 150-721, South Korea
Phone: 82-2-3773-1114
Fax: 82-2-3773-2200
Online: Web Site

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