LG Group

LG also has a joint venture with Hitachi, Ltd.: Hitachi-LG Data Storage [2], which manufacters optical data storage solutions like DVD-ROM drives, CD writers, etc. As of 20 April 2005 its market capitalisation was £14.5 billion. Since 2001 LG has two joint ventures with Royal Philips Electronics: LG.Philips Displays and LG.Philips LCD. In the year ended 31 December 2004 it made a profit after tax of £904 million on turnover of £4.082 billion. LG has made a joint venture and created LG-Nortel Network. In 2003 46% of its revenue came from the Americas, 37% from Europe including the UK, and 17% from the rest of the world. The "GS" name, like LG, is derived from the conglomerate's older moniker, this from the "Goldstar" part.[1]. It is active around the world, with only a minority of its business being in the UK.

Numerous convenience stores, bookstores, and other retail companies which formerly operated under the LG logo were rebranded. It also owns some gas pipelines and is involved in some power generation projects. In 2005, the company was split; the Koo family retained control of the LG group while the Heo family formed GS Holdings, which includes chemical, construction, telecommunications, and retail business among others. It sells these products to wholesale customers such as retail gas suppliers and electricity generating companies. Although the company used to be known as Lucky Goldstar, the corporate Web site states that "LG is not an acronym, there is no full name for LG.". BG Group's main business is exploration for and the extraction of natural gas, liquefied natural gas and to a lesser extent oil. LG is a joint cooperation between Koo and Heo families. In 2002 Lattice merged with National Grid to become National Grid Transco.

It expanded into the home appliance industry in 1958, becoming the country's first electronics company. Lattice took ownership of Transco (the gas transporter for the UK), Advantica (Gas Software specialist) along with the property and transport companies and BG Group took ownership of gas fields and other assets. (now called LG Chemical), was the first chemical company in Korea. In 2000 a further demerger separated the company into Lattice Group plc and BG Group. Established in 1947, Lucky Chemical Industrial Co. BG Group has use of the trading name "British Gas" outside the United Kingdom, Centrica owns the rights to use it within the UK. . The company was created in 1997 when British Gas plc demerged Centrica plc and became BG plc, which was reorganised in 1999 as BG Group plc.

Lucky brand was famous for producing household cleaning products and laundry detergents in South Korea. BG Group Plc is an energy production and distribution company which is headquartered in Reading outside London, England. Before changing their name, many electronic products were sold under the brand name Goldstar, while some other household products (not available outside Korea) were sold under the brand name of Lucky. The name LG comes from an abbreviation of Lucky Goldstar (럭키금성; RR: leog-ki geumseong), the company's name until 1995. LG is a large South Korean chaebol (conglomerate), producing electronics (including domotics), mobile phones, and petrochemical products.