Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: LG Group


Related Topics

In the News (Tue 10 Nov 09)

  
  IT100: LG TeleCom Profile
A unit of LG Group, the country's second-largest conglomerate, LG Telecom increased its customers by 26% in 2004, when the government introduced number portability, which allows subscribers to keep their phone number when changing service providers.
LG, the weakest of the three local mobile players, is the only one still not upgraded to 3G networks.
LG uses its partnership with banks to expand its retail presence: It sells phones and signs up new subscribers at 2,800 bank branches in addition to its 580 storefronts.
www.businessweek.com /it100/2005/company/LGTECH.htm   (380 words)

  
 LG - Galbijim
LG was the first chaebol in South Korea to only use English abbreviations as its group name.
While the group said that the name change itself was to provide the company a more global face, some have attributed the group's decision to change their name to LG to the success of the group-owned baseball team, LG Twins.
Officially, the GS Group states that GS stands for "good service," since most of their group is focused on the service industry, but it was also a marketing ploy to give the consumers a brand that had familiarity yet seem distinct from LG.
wiki.galbijim.com /LG   (745 words)

  
 The Standard - LG Card hangs in balance - Markets Section
LG Group, the former parent of the country's top credit card firm, said it was offering between 180 billion won and 264.3 billion won (HK$1.35 billion and HK$1.98 billion) - up to about a third of the 770 billion won creditors had sought from the group - to bail out LG Card.
LG Group said it would work with creditors to reach an agreement based on the proposal, and if creditors could not accept it they should make a fair and rational counter offer after talks with legal and financial consultants.
LG Card needs a cash injection by the end of the year to avoid its shares being delisted next year, a move creditors say would trigger massive debt redemption requests and bankrupt the company.
www.thestandard.com.hk /stdn/std/Markets/FL30Ag03.html   (504 words)

  
 LG Group - Wikipedia, the free encyclopedia
LG Group is a large South Korean chaebol (conglomerate), which producing electronics (including domotics), mobile phones, and petrochemical products and operates subsidiaries like LG Electronics.
LG is also an abbreviations of "Lucky Geumseong" (럭키금성) in South Korea, which is translated into English as Lucky Goldstar.
LG has owned the LG Twins baseball club since 1989.
en.wikipedia.org /wiki/LG_Group   (347 words)

  
 CNN.com - LG Group shares fall after raid - Nov. 18, 2003
Shares in major LG Group companies are down sharply on Wednesday following reports South Korean state prosecutors had widened a political funding investigation at an LG unit.
In Wednesday morning trade, LG Electronics is down 5.4 percent to 54,400 won, LG Corp is down 12 percent to 8,550 won and LG Home Shopping is 10.5 percent lower at 54,600 won.
The prosecution has already banned about 20 executives at LG and other business groups from leaving the country because of the probe, which was launched after an aide of President Roh Moo-hyun was arrested for taking money from SK Group.
cnn.com /2003/BUSINESS/11/18/korea.lg.reut   (294 words)

  
 LG cash services restart
LG Card resumed cash-advance services over the weekend, ending a two-day halt, after its creditors saved South Korea's largest credit card company from bankruptcy by agreeing on a 5 trillion won rescue package.
LG Group, the former parent of LG Card, will also play its part in the broader rescue plan by selling its brokerage affiliate, LG Investment and Securities, contributing the proceeds to LG Card.
LG Card was forced to halt cash-advance services at most banks in the country on Thursday as its liquidity shortage worsened.
www.iht.com /articles/2004/01/12/t10_1.php   (480 words)

  
 Bloomberg.com: Asia
LG Group's announcement comes a week after it relented to a request from creditors that its companies shoulder part of the new bailout, which follows a 5.1 trillion won package last January.
LG Group had told creditors that its subsidiaries wouldn't be able to convert all the 770 billion won of debt into equity, indicating they could consider the conversion of a smaller amount.
LG Group reiterated the bailout should be handled through ``fair and rational'' methods that would appeal to all creditors, according to the e-mailed statement today.
www.bloomberg.com /apps/news?pid=10000080&sid=aMKSiCY5WZ2k&refer=asia   (476 words)

  
 Digital Chosunilbo (English Edition) : Daily News in English About Korea
After much debate, the government, the LG group and its creditors have finally reached a last-minute compromise on a plan to rescue the troubled card company, it was announced Friday.
LG Group officials said that the agreement reflects the group¡¯s strong commitment as its large shareholder to normalizing LG Card.
LG Card failed on Friday to provide cash-advance services for the second consecutive day, due to cash shortages, but with the agreement, the services are expected to resume around Sunday.
english.chosun.com /w21data/html/news/200401/200401090016.html   (303 words)

  
 LG Group: From Master Stroke to Debacle (int'l edition)
LG's tumbling fortunes are one of the big surprises for Korean business in a year that already has witnessed the bankruptcy of Daewoo Group and near-collapse of key subsidiaries of giant Hyundai Group.
Even though LG Group profits are expected to drop by 42% this year, to $1.75 billion, that's mainly because 1999 earnings were bloated by the sales of such assets as its semiconductor business, under a chaebol-restructuring deal with the government, and half of its liquid-crystal display unit.
LG's wireless business has lost some $500 million since it was set up in October, 1997, while SK Telecom expects to earn $800 million this year alone.
www.businessweek.com /2000/00_52/b3713179.htm   (1347 words)

  
 LG Group, creditors of LG Card fail to agree on a bailout package | newratings.com   (Site not responding. Last check: 2007-11-03)
Creditors had asked LG Group to join a $1.1 billion (1.2 trillion won) bailout plan for LG Card by yesterday evening or face liquidation of the country’s largest credit card issuer.
LG Group has offered to contribute 264.3 billion won to the bailout plan, much lower than the minimum 770 billion won demanded by the creditors.
The creditors of LG Card believe LG Group’s offer is "not worthy of consideration." LG Card, which was on the verge of bankruptcy due to a massive increase in its credit card overdue bills, was bailed out in January this year by a rollover of debt worth two trillion won by its creditors.
www.newratings.com /analyst_news/article_600908.html   (387 words)

  
 LG Group Telecommunications Company Intelligence Report
LG Group (formerly Lucky-Goldstar Group) was incorporated in 1953 under the laws of the Republic of Korea to engage in trading activities, becoming a general trading company appointed by the government in 1976.
LG Group is one of Korea's four main 'Chaebol' groups or conglomerates.
LG Group - along with the other Chaebol, Samsung and Daewoo - chose 'electronics' as one of its core areas.
www.biz-lib.com /ZEB68024.html   (247 words)

  
 CNN.com - Bank pressures LG on loans - Nov. 19, 2003
LG Group had offered an unspecified amount of assets owned by its chairman Koo, when it asked banks on Tuesday for the loans.
He said assets already offered were mostly shares in LG Group's financial units but the bank wanted Koo also to offer stocks in other core affiliates of the group, such as its holding company, LG Corp.
LG Group had no comment on the bank's request.
cnn.com /2003/BUSINESS/11/19/korea.koo.reut   (323 words)

  
 Official LG Group Site : Press Releases on LG
LG and PRADA have worked closely together on every aspect of the product, from handset development to marketing combining the attention to detail and uncompromising quality of PRADA design with the trademark technological innovation of LG mobile.
LG Electronics, Inc. (KSE: 06657.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in over 120 operations including 80 subsidiaries around the world.
LG Electronics Mobile Communications Company is the world¡¯s leading provider of UMTS (WCDMA), CDMA and GSM handsets, which have been designed to improve the value of customer life.
www.lg.net /eabout/press/release/read.jsp?cmd=rview&path=&s_type=search&page=1&news_num=11426&rn=1&keyword=   (760 words)

  
 Asia Times - News and analysis from Korea; North and South
In January, the labor union of troubled LG Investment and Securities Co, the group's brokerage affiliate, filed a complaint against the country's financial watchdog agency, alleging that Koo and 93 major shareholders had engaged in insider trading by dumping their LG Card stakes with advance knowledge of its approaching liquidity crisis.
In its complaint, LG Investment's union said Koo and the other large shareholders must have unloaded their holdings because they were in a position to know about LG Card's cash crunch.
LG Group denied the allegations, saying the sale of LG Card shares by some of its major shareholders had nothing to do with the card firm's crisis.
www.atimes.com /atimes/Korea/FG07Dg03.html   (411 words)

  
 LG HI-MACS® Acrylic Solid Surface : Durable, Versatile and Lasting Beauty Countertops
LG HI-MACS has proven itself as a highly durable and desirable surface through years of daily use by satisfied customers throughout these regions.
Founded in 1947, LG Group is a global company with regional headquarters around the world and a home office in Seoul, Korea.
LG manufactures products that are indispensable to people's lives with the guiding philosophy of creating value for customers through management based on esteem for human dignity.
www.lghi-macs.com /about_history.html   (448 words)

  
 The Standard - New ray of hope for LG Card - World Section
The move to give LG Group until today to reconsider its opposition to joining a bailout sent shares in LG Card up nearly 10 per cent at one point, though they closed almost flat.
A LG Group official, who asked not to be named, indicated the group would be willing to take part under the right terms.
LG Card needs help by year's end to avoid being delisted next year - a move that creditors say would trigger massive debt redemption requests and bankrupt the firm.
www.thestandard.com.hk /stdn/std/World/FL29Wd05.html   (378 words)

  
 Digital Chosunilbo (English Edition) : Daily News in English About Korea
The LG Group said Thursday it will invest W7.3 trillion (US$7.3 billion) in research and development and increase research staff from 19,500 to 24,500 by next year.
By subsidiary, LG Electronics will focus investment on acquiring differentiated technologies in mobile devices, car infotainment and home networks, and fostering future industries such as the post-PC and intelligent robot business.
LG Chem plans to expand investment in clean energy and advanced IT materials.
english.chosun.com /w21data/html/news/200603/200603230025.html   (158 words)

  
 LG CNS Global ::: About Us
LG CNS Global is CMMi Level 5 certified company with its processes based on defined standards, policies, and artifacts that are supported throughout the organization.
LG CNS Global is a wholly owned India subsidiary of LG CNS Co. Ltd (the $1.8 Billion IT arm of LG Group).
LG CNS, our parent company was established in 1987, in Korea, as a joint venture between LG and EDS.
www.lgcnsglobal.com /Corporate/Index.html   (226 words)

  
 ITP.net {Group Tests: LG Flatron L1730S}
The Flatron L1730S is one of the newer LCD screens to be released by Korean firm LG.
LG has also placed all of the LCD's OSD (on-screen display) controls at the bottom of the L1730S's frame, making them easy to reach and use.
LG has also placed the input ports on the back of the LCD screen, meaning you can place the Flatron close to walls.
www.itp.net /grouptests/details.php?id=39&prodid=2320   (390 words)

  
 SmithKline Beecham, LG Chemical To Develop New Quinolone Antibiotic   (Site not responding. Last check: 2007-11-03)
Under the terms of the agreement, SB will be exclusively responsible for the worldwide development and commercialization of the compound outside of Korea.
LG Chemical will receive signing and milestone payments plus royalties on sales and retain the option to co-promote the product with SB in certain markets in South East Asia.
Founded 50 years ago, LG Group, Korea's third largest conglomerate, is a global business leader in chemicals, electronics, telecommunications, distribution and finance.
www.pslgroup.com /dg/25efa.htm   (374 words)

  
 Welcome To Qaiser LG Petrochemical PVT
Qaiser LG was a Joint Venture between Qaiser Brothers Pakistan and LG Group, the leading conglomerates of Korea.
The equity was 50% from Qaiser Group of Pakistan and 50% from LG Group of south Korea.
In the year 2000, Qaiser Group purchased the whole stake of LG Group of South Korea and now Qaiser Group has 100 percent shares within the family.
qaiserlgpk.com   (127 words)

  
 Bloomberg.com: Top Worldwide
LG and Carlyle plan to arrange loans and spend 736 billion won on new shares to gain a 51 percent stake.
LG is turning to Carlyle, a Washington-based private equity fund, for funds as the nation's mobile phone and Internet companies seek alliances to trim costs.
LG, Hanaro's biggest shareholder with an 18.1 percent stake, wants to combine Hanaro with units such as Dacom Corp., the country's second-largest long-distance phone carrier, LG Telecom Co., the No. 3 cell phone company, and Powercomm Co., which operates data networks.
quote.bloomberg.com /apps/news?pid=10000087&sid=asFRvtdNkMAI&refer=top_world_news   (654 words)

  
 LG Group Will Spend to Dominate in PDPs and LCDs
LG Group (Seoul, Korea) (www.lge.co.kr) says it will expand its research and development investment for its electronics business by 23% to 1.85T won next year.
This intensive RandD effort is aimed at securing LG's global leadership in PDPs and LCDs for large flat-screen TVs and computers by 2005, and in the digital TV sector by 2006.
LG is also planning on expanding its investments regarding digital TV productions.
www.insightmedia.info /news/LGGroupWillSpendtoDominateinPDPsandLCDs.htm   (316 words)

  
 CNN.com - LG Group shares fall after raid - Nov. 18, 2003
Shares in major LG Group companies are down sharply on Wednesday following reports South Korean state prosecutors had widened a political funding investigation at an LG unit.
In Wednesday morning trade, LG Electronics is down 5.4 percent to 54,400 won, LG Corp is down 12 percent to 8,550 won and LG Home Shopping is 10.5 percent lower at 54,600 won.
The prosecution has already banned about 20 executives at LG and other business groups from leaving the country because of the probe, which was launched after an aide of President Roh Moo-hyun was arrested for taking money from SK Group.
edition.cnn.com /2003/BUSINESS/11/18/korea.lg.reut/index.html   (295 words)

  
 Asiaweek.com | Betting It All On China | 12/7/2001
LG was one of the first big Korean conglomerates to invest in China.
LG plunged into an unknown market when many competitors were only willing to "dip their toes," as one of its China managers puts it, but the exploding demand for its products such as PVC was beyond the company's wildest dreams.
LG Chem's parent in Korea is counting on cash flow from China to fund the development of such high-tech I.T. materials as lithium-ion batteries for handsets.
www.asiaweek.com /asiaweek/magazine/enterprise/0,8782,186405,00.html   (1733 words)

  
 Forbes.com: LG Group boosts stake in S.Korea's Hanaro - paper   (Site not responding. Last check: 2007-11-03)
The LG Group [LUGG.UL], a top shareholder in Hanaro Telecom, has vowed to fight a deal led by American International Group (nyse: AIG - news - people) and Newbridge Capital to buy a controlling stake in Hanaro for $500 million.
LG Group rejected the sale plan, saying the deal would erode shareholder value and provide no help in the government's drive to reform the domestic telecom sector, despite Hanaro board's approval of the plan.
LG, which had planned to strengthen its hold on the local telecoms market, hoped to get control of Hanaro and the stake increase might scupper the second attempt by the AIG-Newbridge consortium for Hanaro.
www.forbes.com /technology/newswire/2003/09/04/rtr1073287.html   (439 words)

  
 KoreaTimes : LG Group Suspected of Stake Disguise   (Site not responding. Last check: 2007-11-03)
Analysts also alleged the LG Group have colluded with foreign investors and borrowed their names in an attempt to pull up the card affiliate's stock price.
He speculated that there is a possibility the group has tried to keep LG Card from being driven out of the stock market through a questionable share-dispersion with illegal offshore funds from paper companies.
Templeton bought 7.16 million shares of LG Card over the past two weeks, raising its stake in the firm from 5.39 percent on Nov. 27 to 11.35 percent on Dec. 5.
times.hankooki.com /lpage/biz/200312/kt2003121716591611860.htm   (540 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.