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.

LG Electronics is set to launch a new mid-range phone that is, for the first time, powered by the company's long-rumoured, self-made application processor. Cho Mu-hyun Senior Writer, ZDNet Korea ...

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.