Many people are asking the question, “Is LG Corporation still in control of their own company?” Ever since the Korean company purchased a majority stake in LG or took over the entire Korean company, it has been fighting to keep its name as one of the best brands in televisions and personal electronics. Recently, they released some high-tech new technologies into the market that everyone wants to own. Does Samsung officially control LG?
The answer to this question might seem ridiculous because most of the world would think that a corporation can easily buy out its competition and become the leading competitor. The truth is that LG is no longer under the umbrella of just one company; they are now one of many brands selling different types of consumer electronics. Now that Korean-owned LG has purchased the entire shares of LG or sold the majority of their claims, they are free to pursue their interests, which may be more competitive than their current supplier. Since their acquisition of LG, or at least a large part of their shares, they cannot sell TVs or other consumer electronics unless they want to offer to the current LG management. If they’re going to retain their name as one of the top manufacturers globally, they will have to produce these new technologies in-house.
The first step that LG took after acquiring their shares of LG was to create a new logo and a brand new identity. It appears as though the corporate leadership of LG has finally realized the importance of making a solid identity for their company; after all, in South Korea, where they were born, ‘Korean’ and ‘LG’ are synonymous with prosperity and success. This is why the LG logo is very similar to that of its parent corporation’s logo. Some of the first Korean company logos, namely the LG Diamond and LG Chomeon, are almost identical to the design on the company’s website.
This new identity for LG began with the launch of its new LCD televisions. Unlike its predecessor’s designs, these televisions were sleeker, had a modernized look, and sported a sleek and stylish metal finish. In addition to this, their prices were relatively lower because South Korean consumers do not love their high-end electronics as much as those in the US and other parts of Europe. Although LG could compete in the LCD market with Samsung and other firms, it seemed like the once-rival company had overtaken its leader. Perhaps, its products weren’t as impressive as their competitors were.
After watching this competition closely, the Board of Directors of LG decided that it was time for LG to create another strategy to help it maintain its leading position in the global markets. This time, it moved into the realm of high-tech appliances and launched the LG flat-panel televisions. This new design allowed LG to differentiate itself from its competitors. They also developed their software applications and began developing applications in other areas, which allowed them to be more competitive.
In South Korea, the LG name is recognized by millions of people. This is primarily due to LG’s consistent innovation and willingness to challenge other firms with innovative television designs. Although the company has been somewhat slow to enter the North American markets, the emergence of flat-screen TVs has helped it gain a foothold. They are now seen in offices, homes, stores, and entertainment centers across the country. By making more durable and user-friendly televisions, LG has gained a firm foothold in the world of electronics and is well on its way to reaching its goals.
As one of the largest LG products globally, LG sells various televisions, including flat-screen models. It has also begun working with several countries, such as Turkey and Saudi Arabia, to sell televisions made by the company. This move and its partnership with Samsung have increased the company’s global customer base.
LG has one of the most extensive display panels among its competitors, utilizing LCD and LED technologies advancements. Expanding into new markets, such as Turkey and South Korea, increases its market share and profitability. By diversifying into different regions, such as Turkey and South Korea, it does not get left behind by competitors who have more experience and money to continue expanding into these markets. By increasing its technology, expanding into new areas, and diversifying into different businesses, LG continues to show the way for itself. With continued growth, its position as a holding company will continue to strengthen.