South Korea's LG Group was founded in Seoul, South Korea in 1947. It is headquartered at No. 20 Yeouido Dong, Yeongdeungpo District, Seoul. It is an international corporate giant that leads the development of the world's industries. LG Group has established more than 300 overseas offices in 171 countries and regions around the world. It has many well-known subsidiaries, such as LG Electronics, LG display, LG Chemical, LG Life Health, etc., and its business areas cover a wide range of fields such as chemical energy, electronics and appliances, communications and services.
On April 5, 2021, South Korea's LG Electronics announced that it would completely withdraw from the mobile phone market on July 31, 2021, and completely stop production and sales of its mobile business unit. May 31, 2021 is the last day for LG mobile phones and tablets to be produced, but the company will continue to support existing devices for some time to come. It is reported that LG Electronics 'factory in Vietnam is the production site of most LG mobile phones, and LG has transferred part of its production capacity there to the field of home appliances.