314:, which also became a huge hit. Within two months, he had to add additional manufacturing machines to meet explosive demand, and also started making new products like toothbrushes and washbowls. In 1953 he succeeded in establishing Lak Hui Industrial Co. Ltd. But his ambitions didn't stop there. In 1958, he started Goldstar, which later became LG Electronics. Goldstar immediately began developing a radio, and in 1959, Korea's first homemade radio started rolling off the production line. He then started producing
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manufacturing business. This was the moment that today's LG Group was born. The group's first truly successful business, Lak Hui
Chemical Industrial Corporation, opened in 1947. It began selling a new face cream called Lucky, which quickly sold out despite its relatively high price thanks to its
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It was around this time that a relative of his wife, Huh Man-jung, visited him with his eldest son Huh Joon-gu, who had just returned from studying in Japan. The elder Huh asked if he could invest in his business in exchange for showing Huh's son the ropes of the business world. This was the
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As his businesses gradually expanded, in 1941 he made a sizeable contribution to the Korean provisional government in
Shanghai through an independence fighter who visited him. His father had done the same a decade earlier, when he donated to the famous Korean independence fighter
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in 1924, he soon made his start as a businessman. He returned to his hometown in 1926, and quickly went on to head the village's business cooperative union while also trading miscellaneous goods. The following year, he became head of the Dong-A Ilbo newspaper's branch office in
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beginning of the business partnership between the two families that lasted for decades. Not long after, he decided to accept his younger brother Koo Jung-hwoi's advice and started a
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for the lid, even though the material wasn't common in Korea. In
September 1952, he opened a plastics plant in Busan and started manufacturing plastic
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high-quality ingredients. But though sales were soaring, because of a big problem with the cream's lid, many people were returning the product.
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for the first time in Korea. On the other hand, he was president of Busan
International Newspaper and Federation of Korean Industries.
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Koo In-hwoi is the 14th generation descendant of Gu Sa-min (구사민; 具思閔), the younger brother of
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368:"[Dynasty Korea's corporate roots] LG Group's founders pioneered industries"
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After completing his secondary education at the
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16:South Korean businessman; Founder of LG Group
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109:Learn how and when to remove this message
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47:adding citations to reliable sources
376:. February 10, 2016. Archived from
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246:(구사맹; 具思孟) as well the uncle of
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334:. He also produced Lucky Sodo
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306:His solution was to use
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568:Hitachi-LG Data Storage
660:Visakhapatnam gas leak
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43:improve this article
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348:synthetic detergent
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614:Changwon LG Sakers
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60: –
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58:"Koo In-hwoi"
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54:Find sources:
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32:This article
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428:Subsidiaries
378:the original
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248:Queen Inheon
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174:(1969-12-31)
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41:Please help
36:verification
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748:1969 deaths
743:1906 births
686:Koo Bon-moo
676:Koo In-hwoi
619:LG Cup (Go)
563:Ericsson-LG
312:hairbrushes
244:Gu Sa-maeng
220::
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204:Koo In-hwoi
184:South Korea
125:Koo In-hwoi
737:Categories
488:LG Innotek
459:LG Display
354:References
340:toothbrush
336:toothpaste
146:1907-08-27
69:newspapers
650:LIG Group
300:cosmetics
292:U.S. Army
194:Founding
99:July 2021
706:Category
655:LS Group
645:GS Group
609:LG Twins
521:GoldStar
493:LG Uplus
288:charcoal
232:chaebols
228:LG Group
196:LG Group
720:Commons
556:Current
526:LG Card
442:LG Chem
435:Current
308:plastic
280:Kim Koo
254:during
83:scholar
669:People
602:Sports
469:Zenith
454:LG CNS
330:, and
316:phones
216:;
208:Korean
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628:Other
503:HS Ad
284:Busan
272:Jinju
263:Seoul
218:Hanja
180:Seoul
154:Jinju
90:JSTOR
76:books
346:and
344:soap
320:fans
268:Jisu
238:Life
169:Died
140:Born
62:news
498:G2R
328:TVs
223:具仁會
213:구인회
45:by
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420:LG
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
