Korea vigorously implemented economic development plans and gradually consolidated the groundwork for its growth, emerging as a developing nation. Accordingly, LG gradually expanded its chemical and electronics businesses, which created the foundation for a big business group.

During this decade, Goldstar Co., Ltd., produced Korea's first electronic products such as electric fans in 1960, refrigerators in 1964, black and white televisions in 1966, air conditioners in 1968, and washing machines and elevators in 1969.

Goldstar soon became Korea's leading company in the chemical, energy, and electronics industries.

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  Goldstar develops the first electric fan in Korea

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  Goldstar develops the first telephone in Korea

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  Goldstar exports radios for the first time in Korea

  Goldstar introduces private loans for the first time in Korea

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  Goldstar develops the first emergency medical dispatching automatic telephone switch in Korea

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  Goldstar develops the first refrigerator in Korea

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  Goldstar develops the first black and white TV in Korea

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  Lak Hui Oil and Fat Industry develops the first shampoo in Korea

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  Goldstar develops the first room air conditioner in Korea

  Yonam Library established

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  Goldstar develops the first elevator and escalator in Korea

  Goldstar develops the first washing machine in Korea