LG
LG was established in 1947 as Korea’s first chemical company, also becoming the nation’s first electronics company with its expansion into home appliances in 1958. On March 2003, LG introduced the holding company structure and on July 1st 2004, the demerger of two holding companies - LG Corp. and GS Holdings Corp. took place to separate the manufacturing and technology related businesses from the service and retail operations. The separation is meant to maximize profits of LG shareholders by boosting business specialization of key LG companies.
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