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Description |
| LCD |
Liquid Crystal Display |
| LG Electronics |
LG Electronics (Hangul:엘지전자, KSE: 066570, LSE: LGLD) is one of the world's leading electronics companies. It is part of the Korean LG Group, operating in approximately 80 countries. The previous company name was Lucky-Goldstar, from which the abbreviation of LG was derived. Their slogan encourages the public to assume that LG stands for "Life's Good", but this is a backronym.
LG Electronics is viewed by many Koreans as a symbol of national pride and 'can do' spirit along with its Korean rival, Samsung Electronics.
Since the start of the 21st century, LG Electronics saw a tremendous rate of growth, especially from 2006, where the company's mobile phone division, LG Mobile, started to properly 'take off' with the hugely popular LG Chocolate phone, changing the company's image of the maker of 'fat' 3G phones. This major movement was very successful and the company continues this trend and having one of the largest design teams in Korea, it now focuses on design, brand and creating stylish phones such as the LG Shine and PRADA Phone. As a result, the company was picked as 'The Design Team of the Year' by the Red Dot Design Award in 2006~2007 and is often called the "New Apple' or "New Sony' in the industry and online communities.
LG's efforts to become one of the world's top three electronics company by 2010 is annually reflected by its high revenue growth and increased brand value - by 2005, LG was in the league of the Top 100 global brands and just a year later, LG recorded an impressive brand growth of 14%. Already the world's largest plasma panel manufacturer, its joint venture, LG.Philips LCD, is the world's top maker of liquid-crystal displays for TVs.
LG Electronics is a pioneering developer that facilitated commercializing iris recognition technology in 1999. It is now the world leader in deployed iris recognition systems for security, convenience, privacy enhancement, productivity, and other identity-dependent uses. |
| LG Group |
LG Group is a large South Korean chaebol (conglomerate), which produces electronics (including domotics), mobile phones, and petrochemical products and operates subsidiaries like LG Electronics.
Created in 1947 as "Lucky-Goldstar", it assumed the abbreviated name of "LG" in 1995. LG is also an abbreviation of "Lucky Geumseong" (럭키금성) in South Korea, which is translated into English as Lucky Venus (Goldstar). Before then, many electronic products were sold under the brand name Goldstar, while some other household products (not available outside South Korea) were sold under the brand name of Lucky. The Lucky brand was famous for producing household cleaning products and laundry detergents in South Korea. Before massive industrialization of South Korean society, the name Lucky was synonymous with toothpaste. |
| Liquid Damage |
Also referred to as Water Damage. Usually when a cell phone is exposed to any kind of liquid such as water, soda, coffee etc... which causes the cellphone to malfunction, it is said that the phone is Liquid Damage |