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Why does LG Electronics have a fast growth rate?
Fast growth is the result of strategies designed to expand the market size and earnings quickly, in the process improving the growth rate in terms of monetary value rather than quantity. The transformation from ultra-cheap Lucky Goldstar to upscale LG Electronics has been nothing short of remarkable.
Who is the CEO of LG Electronics North America?
Credit goes to Michael Ahn, who guided the branding effort for LG Electronics North America before stepping down as the Group’s president and CEO in 2010. The Goldstar brand dates back to 1958 and the LG initial stems from a merger of two long-time Korean brands, Lucky and Goldstar in 1990.
What kind of products does LG Electronics make?
The Lucky brand was famous for producing household cleaning products and laundry detergents in South Korea. The history of LG Electronics has always been surrounded by the company’s desire to create a happier, better life.
What do you need to know about the LG Corporation?
Firstly, LG Corporation provides training to their staff for both work related and ethics related. This is to meld the staff to be able to perform as well as to be an ethical person. This ensures that their staffs are kept up to date with the current technologies and methods to increase productivity of work.
Last Update: Oct 2021
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