Now, LG is trying something different. On Monday, the company announced a new line of "Specialist" smartphones, which have mid-range specifications, but excel in one specific area.

We know this trio of LG phones will be priced somewhere below the top tier of smartphones, but we don't know exactly where yet, as LG has yet to confirm how much the K61, the K51S and the K41S are ...

Eventually, the chemical company merged with a sister company called GoldStar in 1983, producing a new company: Lucky-Goldstar, or LG for short. The company officially renamed itself LG in 1995.