How did your elder brother tell you?Chen Hao asked with his arms around Li Fuzhen's slender waist.
He hopes that LG Group can sell LG Electronics and LG display to Samsung.Li Fuzhen looked at Chen Hao's Gu Jing Wubo's face and immediately explained: But I didn't agree.
They have made a great decision to buy the two most profitable companies under LG Group.Chen Hao smiled. Lee Kun-hee's eating habits were too ugly. She wanted to attack her daughter so quickly!
Looking back on the development history of LG Group!
In 1945, just liberated from the Japanese colonial rule, South Korea, which began to bud, opened up a new era in the chemical and electronics industries, laying the foundation for the two pillar industries of LG Group, the chemistry and electrical and electronics industries.
LG Group founder Lian'an Ju Renhui founded Lexi Chemical Industry Society (later LG Chemistry) in 1947, and since then, he began to write the history of LG Group on this poor land.LG Group started its corporate business activities by producing cosmetics Lexi Cream.In order to develop cosmetic bottle caps that are not easy to break, LG Group has entered the plastics industry for the first time in South Korea.
In 1952, when the war broke out, LG Group made this decision without indomitable will and strong corporate spirit, without its indomitable career.
LG Group has successively produced plastic products such as combs, soap boxes, toothbrushes, tableware, etc., making contributions to improving the living standards of the people.In 1954, the LG Group successfully developed the earliest toothpaste in South Korea with its independent technology, defeated the United States Colgate Toothpaste, quickly occupied the domestic market in South Korea, and made contributions to improving the health level of the people.
LG Group established Lexi Oil in 1959 and began the production of soap and glycerin.At the same time, in the process of expanding the plastics industry, LG Group established Venus Society (LG Electronics) in 1958 and produced the first vacuum tube radio A-501 in South Korea in 1959, opening up a new era in the Korean electronics industry and establishing the first comprehensive electronics factory in South Korea.In this way, LG Group has laid the foundation for the two pillars of its corporate activities in the 1950s, and played a vanguard role in the development of South Korea's industrial.
In 1962, LG Group established the Korean cable industry and expanded the electrical industry.Electronics industry.
In 1967, LG Group established the first private oil refinery in South Korea, Hunan, and built into the basic raw materials industry, laying the foundation for its entry into the heavy chemical industry.In addition, Lexi Chemical (now LG Chemical) produced the earliest synthetic detergent in South Korea in 1964, and also produced kitchen detergents and liquid shampoos in 1967.
LG Electronics' predecessor, Venus Society, was the first in South Korea to produce electric fans, refrigerators, black and white TVs, air conditioners, washing machines and elevators in 1960, 1965, 1966 and 1969, with sales exceeding the 10 billion won mark. The company achieved a 239-fold leap in just 10 years since its establishment.At this point, LG Group has become a leading Korean company in the chemical, energy, electrical and electronic industries, ushering in the promising 1970s.
In the 1970s, South Korea promoted rapid economic development through export-led policies and entered the ranks of emerging industrial countries.
In 1972, the sales of LG Chem's predecessor, Lexi Chemical, exceeded 1.1 billion won, and exported to US$5.3 million; the export performance of Venus (now LG Electronics) electronic products increased by 170% compared with the previous year; Hunan Oil Refining (now GS Caltex completed the first and second phase expansion projects, and the factory increased its production capacity to three times in just three years of its launch, thus laying the foundation for the development of the main enterprises.
At the same time, LG Group took over Fanhan Fire Maritime Insurance into the insurance industry in 1970, established an international securities company in 1973, began to participate in the securities industry, and successfully expanded its business field from manufacturing to service industry.
In 1975, LG established the Central Research Institute and began to produce color TVs in 1977. In 1977, LG's total sales reached 100 billion won.
In 1981, a production legal person was established in the United States and in 1986, a production legal person was established in Germany.
After entering the 1980s, LG Group led the development of high-end products such as color TV, VCR, and computers, and concentrated on investing in the semiconductor industry.At the same time, Venus Semiconductor developed a Korean-type standard switch, opening up a new world for South Korea's communications industry.Venus Wires quickly realized the conversion of copper communication to optical communication, and ordinary wires to ultra-high voltage special wires, leading the quality conversion of the cable industry.In the field of chemistry and energy, LG Group has focused on the petrochemical industry that Lexi focused on developing after 1983, and has continuously deepened and developed existing fields such as plastics, daily necessities, precision chemistry, etc., and has re-entered the cosmetics industry. While expanding the synthetic industry, it has entered the field of pharmaceuticals, achieved diversification in its business fields, and began to enter the ranks of multinational enterprises through active overseas investment.Venus Wires quickly realized the conversion of copper communication to optical communication, and ordinary wires to ultra-high voltage special wires, leading the quality conversion of the cable industry.LG Group founded LG Ad in 1984 and began to enter the field of comprehensive advertising. In 1987, it accepted Krean Express and established STM to enter the field of credit card and computer systems.
To celebrate the 40th anniversary of the establishment of LG Group in 1987, LG Group completed the construction of the Jeouido LG Gemini Building, further enhancing the overall image of the group.
In 1988, it established production bases in Mexico, Thailand, Egypt, the Philippines, Italy and the United Kingdom.
In 1990, a production base was established in Indonesia.
In 1992, a production base was established in China.In 1995, in order to build a distinct corporate image, Gu Benmao took office as the third-generation president of LG Group after Gu Ziyang, opening up a new era of LG Group, and launched the second business innovation battle and acquired the American Johnnys Company.Even though the financial crisis that occurred at the end of 1997 paralyzes the South Korean economic crisis, LG Group still uses the basic principles of choice and concentration, and solidly promotes corporate structural adjustments and becomes a business model for Korean companies.
So if you follow the ideas of Lee Jae-yong and his son, it would be like buying the two most profitable companies of LG Group, and it would be a fool to agree to such a request!
What did you think?Chen Hao looked at Li Fuzhen in his arms!
Of course I didn't agree.Li Fuzhen said seriously: Since I have left Samsung, I have to fight for our own interests. My elder brother and father simply regard me as a fool. They really think I am a little woman who doesn’t know anything.
Chen Hao said curiously: What is the purchase price they offer?
Two companies, $2 billion.Li Fuzhen immediately said: But they hope that Standard Chartered Bank, which you control, can lend $2 billion to Samsung Group, and then they are using the $2 billion to buy two companies. As for the $2 billion, they will pay it off to Standard Chartered Bank in ten years.
Chen Hao smiled and said: They really think I am a fool and use my money to buy my company. Do I look so much like a sucker?
Don't be angry.Li Fuzhen gently stroked Chen Hao's chest with her jade hand, for fear that the man would be angry!
He hopes that LG Group can sell LG Electronics and LG display to Samsung.Li Fuzhen looked at Chen Hao's Gu Jing Wubo's face and immediately explained: But I didn't agree.
They have made a great decision to buy the two most profitable companies under LG Group.Chen Hao smiled. Lee Kun-hee's eating habits were too ugly. She wanted to attack her daughter so quickly!
Looking back on the development history of LG Group!
In 1945, just liberated from the Japanese colonial rule, South Korea, which began to bud, opened up a new era in the chemical and electronics industries, laying the foundation for the two pillar industries of LG Group, the chemistry and electrical and electronics industries.
LG Group founder Lian'an Ju Renhui founded Lexi Chemical Industry Society (later LG Chemistry) in 1947, and since then, he began to write the history of LG Group on this poor land.LG Group started its corporate business activities by producing cosmetics Lexi Cream.In order to develop cosmetic bottle caps that are not easy to break, LG Group has entered the plastics industry for the first time in South Korea.
In 1952, when the war broke out, LG Group made this decision without indomitable will and strong corporate spirit, without its indomitable career.
LG Group has successively produced plastic products such as combs, soap boxes, toothbrushes, tableware, etc., making contributions to improving the living standards of the people.In 1954, the LG Group successfully developed the earliest toothpaste in South Korea with its independent technology, defeated the United States Colgate Toothpaste, quickly occupied the domestic market in South Korea, and made contributions to improving the health level of the people.
LG Group established Lexi Oil in 1959 and began the production of soap and glycerin.At the same time, in the process of expanding the plastics industry, LG Group established Venus Society (LG Electronics) in 1958 and produced the first vacuum tube radio A-501 in South Korea in 1959, opening up a new era in the Korean electronics industry and establishing the first comprehensive electronics factory in South Korea.In this way, LG Group has laid the foundation for the two pillars of its corporate activities in the 1950s, and played a vanguard role in the development of South Korea's industrial.
In 1962, LG Group established the Korean cable industry and expanded the electrical industry.Electronics industry.
In 1967, LG Group established the first private oil refinery in South Korea, Hunan, and built into the basic raw materials industry, laying the foundation for its entry into the heavy chemical industry.In addition, Lexi Chemical (now LG Chemical) produced the earliest synthetic detergent in South Korea in 1964, and also produced kitchen detergents and liquid shampoos in 1967.
LG Electronics' predecessor, Venus Society, was the first in South Korea to produce electric fans, refrigerators, black and white TVs, air conditioners, washing machines and elevators in 1960, 1965, 1966 and 1969, with sales exceeding the 10 billion won mark. The company achieved a 239-fold leap in just 10 years since its establishment.At this point, LG Group has become a leading Korean company in the chemical, energy, electrical and electronic industries, ushering in the promising 1970s.
In the 1970s, South Korea promoted rapid economic development through export-led policies and entered the ranks of emerging industrial countries.
In 1972, the sales of LG Chem's predecessor, Lexi Chemical, exceeded 1.1 billion won, and exported to US$5.3 million; the export performance of Venus (now LG Electronics) electronic products increased by 170% compared with the previous year; Hunan Oil Refining (now GS Caltex completed the first and second phase expansion projects, and the factory increased its production capacity to three times in just three years of its launch, thus laying the foundation for the development of the main enterprises.
At the same time, LG Group took over Fanhan Fire Maritime Insurance into the insurance industry in 1970, established an international securities company in 1973, began to participate in the securities industry, and successfully expanded its business field from manufacturing to service industry.
In 1975, LG established the Central Research Institute and began to produce color TVs in 1977. In 1977, LG's total sales reached 100 billion won.
In 1981, a production legal person was established in the United States and in 1986, a production legal person was established in Germany.
After entering the 1980s, LG Group led the development of high-end products such as color TV, VCR, and computers, and concentrated on investing in the semiconductor industry.At the same time, Venus Semiconductor developed a Korean-type standard switch, opening up a new world for South Korea's communications industry.Venus Wires quickly realized the conversion of copper communication to optical communication, and ordinary wires to ultra-high voltage special wires, leading the quality conversion of the cable industry.In the field of chemistry and energy, LG Group has focused on the petrochemical industry that Lexi focused on developing after 1983, and has continuously deepened and developed existing fields such as plastics, daily necessities, precision chemistry, etc., and has re-entered the cosmetics industry. While expanding the synthetic industry, it has entered the field of pharmaceuticals, achieved diversification in its business fields, and began to enter the ranks of multinational enterprises through active overseas investment.Venus Wires quickly realized the conversion of copper communication to optical communication, and ordinary wires to ultra-high voltage special wires, leading the quality conversion of the cable industry.LG Group founded LG Ad in 1984 and began to enter the field of comprehensive advertising. In 1987, it accepted Krean Express and established STM to enter the field of credit card and computer systems.
To celebrate the 40th anniversary of the establishment of LG Group in 1987, LG Group completed the construction of the Jeouido LG Gemini Building, further enhancing the overall image of the group.
In 1988, it established production bases in Mexico, Thailand, Egypt, the Philippines, Italy and the United Kingdom.
In 1990, a production base was established in Indonesia.
In 1992, a production base was established in China.In 1995, in order to build a distinct corporate image, Gu Benmao took office as the third-generation president of LG Group after Gu Ziyang, opening up a new era of LG Group, and launched the second business innovation battle and acquired the American Johnnys Company.Even though the financial crisis that occurred at the end of 1997 paralyzes the South Korean economic crisis, LG Group still uses the basic principles of choice and concentration, and solidly promotes corporate structural adjustments and becomes a business model for Korean companies.
So if you follow the ideas of Lee Jae-yong and his son, it would be like buying the two most profitable companies of LG Group, and it would be a fool to agree to such a request!
What did you think?Chen Hao looked at Li Fuzhen in his arms!
Of course I didn't agree.Li Fuzhen said seriously: Since I have left Samsung, I have to fight for our own interests. My elder brother and father simply regard me as a fool. They really think I am a little woman who doesn’t know anything.
Chen Hao said curiously: What is the purchase price they offer?
Two companies, $2 billion.Li Fuzhen immediately said: But they hope that Standard Chartered Bank, which you control, can lend $2 billion to Samsung Group, and then they are using the $2 billion to buy two companies. As for the $2 billion, they will pay it off to Standard Chartered Bank in ten years.
Chen Hao smiled and said: They really think I am a fool and use my money to buy my company. Do I look so much like a sucker?
Don't be angry.Li Fuzhen gently stroked Chen Hao's chest with her jade hand, for fear that the man would be angry!
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