LG 1999 Annual Report Download - page 51

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CORPORATE CHRONOLOGY
1958 › Founded as GoldStar
1959 › Developed and produced Korea’s first transistor radio
1962 › Exported South Korea’s first consumer products (radios)
1965 › Developed South Korea’s first refrigerator
1966 › Developed South Korea’s first television
1969 › Developed South Korea’s first washing machine, air conditioner, and elevator
1975 › Established South Korea’s first private R&D facility (GoldStar Central Research Laboratory)
1978 › Established first overseas sales subsidiary in the USA (GoldStar Electronics International)
› Became South Korea’s first electronics maker to surpass US$100 million in exports
1980 › Established first European sales subsidiary in Germany (GoldStar Deutchland)
1982 › Established South Korea’s first overseas TV plant in Huntsville, Alabama, USA (GoldStar America)
› Developed South Korea’s first microcomputer and video camera
1983 › Developed South Korea’s first and the world’s second 8mm camcorder
1986 › Established first European VCR production plant in Germany (GoldStar Europe)
1987 › Floated a US$30 million convertible Euro bond issue
1989 › Established joint ventures in the Philippines, Thailand, and the UK
1990 › Established joint venture in Egypt, Italy, and Indonesia
› Established first overseas design center in Ireland (GoldStar Design Technology)
1991 › Floated a US$70 million convertible Euro Bond issue
› Purchased of 5 percent equity stake in Zenith Electronics of America
1992 › Completed corporatewide restructuring
1993 › Broke ground for a TFT-LCD plant in South Korea
1994 › Developed FMV, VOD, and multimedia PCs
› Acquired Zenith Electronics of America
1996 › Declaration of LEAP2005, the corporate’s new vision
1997 › Launched “LG” brand in the world market replacing the former “GoldStar” label
› Developed the world’s first IC set for digital TVs
1998 › Reinforced business restructuring activities
1999 › Declaration of Digital LG vision