LG Electronics is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is part of the fourth largest chaebol in South Korea and its global sales reached US$55.91 billion â‚© 59.04 trillion in 2014. It comprises four business units: Home Entertainment, Mobile Communications, Home Appliances & Air Solutions, and Vehicle Components, with Starion India. In 1958, LG Electronics was founded as GoldStar. It was established in the aftermath of the Korean War to provide the rebuilding nation with domestically-produced consumer electronics and home appliances