Founded in Seoul, South Korea in 1947, LG Group is headquartered at No. 20 Yeouido Dong, Yeongdeungpo District, Seoul. It is an international corporate giant with more than 300 overseas offices in 171 countries and regions around the world. It owns well-known subsidiaries such as LG Electronics and LG Display, and its businesses cover chemical energy, electronics and appliances, communications and services.
On April 5, 2021, LG Electronics announced that it would completely withdraw from the mobile phone market on July 31 of the same year and stop production and sales of its mobile business unit. May 31 is the production deadline for LG mobile phones and tablets. Existing equipment will be supported in the future and part of the production capacity of the Vietnam factory will be transferred to the home appliance field.
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