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Koo In-hwoi(구인회,1907-12/31/1969) A Korean entrepreneur in the chemical industry is also the founder of the LG Group. Formerly known as Yucheng, he was born in Jinzhou City, Gyeongsangnam-do, in 1907. Koo In-hwoi has been selected in the Consumer Electronics Hall of Fame. As the father of the Korean electronics industry, he was a pioneer entrepreneur in the early days of industrialization in Korea, exploring the electronics, chemical and energy industries.

Bestowed by the Consumer Electronics Association (CEA), was established in 2000 to recognize leaders in the consumer technology industry that shape and develop innovation. With the inspiration of In Hwoi Koo, LG and its subsidiaries represent industry pioneers in the Consumer Electronics Hall of Fame, not any other company in the world.This honor recognizes In Hwoi Koo's key role in creating a global consumer electronics business and building LG as a global force, while reflecting the emergence of the Korean electronics industry as a global technology leader.

Entrepreneurial process

Since 1926, he has served in Seoul Central High School for two years and later became the head of the company's business. Capital was accumulated during Japanese colonial rule. When he was young, he believed that only by relying on the power of capital to improve the country's competitiveness could the whole country be freed from the pain of colonial rule. After Japan surrendered, the predecessor of Lejin Chemical Industry Association Lejin was established in 1947. The association initially produced only cosmetics “Lexi Cream”. At the end of the Korean War, his company entered the Korean plastics industry for the first time to develop fragile cosmetic caps. It produces plastic products such as combs, soap boxes, toothbrushes and cutlery, and helps to improve people's living standards. After that, development priorities will shift to emerging electronics industries and cleaning products

In 1954, his company pioneered the development of whitening Lucky toothpaste, and achieved great success. With its own technology, it defeated the US "Colgate toothpaste" and quickly occupied the Korean domestic market. In 1958, in the name of "Golden Electronics Co., Ltd.", the business scope was expanded to the production of household appliances, becoming the first home appliance company in Korea. In 1959, production of telephones, electric fans, toothbrushes, soaps and other products began. Since then, it has been the first to produce radios, televisions, refrigerators, air conditioners, converters and many other electronic products. At the same time, he served as the deputy editor of "International News" published by Busan and the chairman of the National Federation of Economic People.

In May 1967, it was the first to establish the first private refining company in China, Haonan Refinery. In 1968, he celebrated his 60th birthday and built a memorial library. The Lotus Root Culture Foundation was established in January 1969 and died of lung cancer in December.

History of LG corporation

LG Corp. established as Rak-Hui Chemical Industrial Corp. in 1947. In 1952, Rak-Hui (pronounced "Lucky", currently LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (currently LG Electronics Inc.) In 1958, both companies Lucky and GoldStar merged and formed Lucky-GoldStar.

GoldStar produced the first radio in Korea. Many consumer electronics products are sold under the GoldStar brand, while others are not available outside of Korea and are sold under the Lucky brand. The Lucky brand is known for its hygiene products such as soap and HiTi laundry detergent, but the brand is mainly related to Lucky and Perue toothpaste. Even today, LG continues to produce some of these products for the Korean market, such as washing powder. LG Electronics was founded in 1958 and has entered the advanced digital age due to its technical expertise gained through the manufacture of many household appliances. Such as radio and TV.

In 1995, in order to compete better in the Western market, Lucky-GoldStar changed its name to "LG". The company also linked LG's letter to the company's slogan "Life's Good." Since 2009, LG has owned LG.com domain names. LG Electronics has launched a number of new products, applying new technologies in the form of mobile devices and digital TV in the 21st century, and continues to strengthen its position as a global company.

Brand Identity

LG is the brand of Delightfully Smart. The slogan "Life's Good" and the futuristic logo are the great representatives we represent. Global, tomorrow, energy, humanities and technology are the pillars of the company's founding; capital letters L and G are located in a circle, making ideals above all else, humanity. The symbolic symbol represents our determination to build lasting relationships with our customers and achieve the highest level of satisfaction for customers.

Consumer Electronics Hall of Fame

The Consumer Electronics Hall of Fame Honorary Leadership, founded by the Consumer Electronics Association (CEA), their creativity, perseverance, determination and personal charisma help shape the industry and make the consumer electronics market look like today. According to CEA, the Consumer Electronics Hall of Fame has made a significant contribution to the world. Without these people, our lives will be different.

At the 2000 International Consumer Electronics Show, CEA announced the top 50 winners in the Hall of Fame. The first category was selected in 2000. Every year, another group of inventors, engineers, business leaders, retailers and journalists enter the Consumer Electronics Hall of Fame.

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