LG is a major Korean electronics manufacturer with a focus on displays. LG also produces smartphones, set-top boxes of various types, home appliances, as well as more industrial products such as chemicals and large-scale machinery. LG was founded in 1947 through the merger of Lak-Hui and GoldStar, and became Lucky GoldStar. LG made the first radio in South Korea, and eventually changed their tagline to Life's Good to appeal to English-speakers. The CEO is Bon-Joon Koo, and the company currently trades on the London Stock Exchange under the ticker symbol LGLD.
LG currently owns webOS, a smartphone operating system that was originally developed by wireless industry veteran Palm. LG intends to employ webOS in TV sets to facilitate rapid multitasking between apps. LG acquired Palm from HP in 2013, who had in turn bought the company in 2010. webOS launched in 2009 as a reboot to their aging mobile operating system. LG's connected appliance lineup is called Smart ThinQ, and includes clothes washers, dryers, stoves, and fridges. LG is also exploring Wi-Fi-connected lighting, fitness trackers, wireless sound systems, and many more connected home electronics. LG also operates a cloud service that allows users to remotely access video, pictures, and music from multiple screens, including TV, phone, and PC.
LG phones and tablets run Android, while their computers run Windows and Chrome OS. LG offers all of their products at a wide range of price points worldwide. LG has been steadily gaining mobile market share, though it still lags behind fellow Korean manufacturer, Samsung. LG's smartphones historically rallied around the Optimus brand, which has retired as of 2013. Handsets are now denoted by letter, such as L Series and F series.
LG subsidiaries include LG Electronics, LG Chem, LG Household & Health Care, LG Life Sciences, LG Uplus and LG Hausys.