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 Goldstar Co., Ltd., (currently LG Electronics Inc.) in 1958. In 1959, Goldstar produced Korea's first radio, opening a new era for 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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  Lak Hui Chemical Industrial Corp. established

  Company produces Lak Hui cream (cosmetic)

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  Cosmetics lab founded

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  Lak Hui begins producing the first plastic daily necessities in Korea

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  Lak Hui Industry (currently LG International Co.) established

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  Lak Hui develops Lak Hui dental cream, the first cream-type toothpaste in Korea

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  Lak Hui produces the first PVC pipe in Korea

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  Goldstar Co., Ltd., established

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  Goldstar produces the first radio in Korea