LG Electronics celebrates 50th anniv. of TV business

LG Electronics Inc., South Korea's second-largest electronics maker, has celebrated the 50th anniversary of its television manufacturing after leading the nation's display industry through ceaseless innovations, company officials said Monday.

LG Electronics began TV production in August 1966 for the first time in South Korea. In the first year, LG manufactured 9,050 TVs.

It was also the first Korean company to open an overseas factory, starting with a production line in the United States in 1982.

Now the company currently operates 13 factories in 11 nations and sells TVs in 120 nations. Its accumulated TV output surpassed 500 million units last year.

Company officials say LG's innovation during the past half-century helped South Korea become a global leader in the display industry.

LG Electronics was the first in the world to launch 55-inch full HD LCD TVs in 2004 and became the world's largest TV maker by sales to beat Japan in 2009. It also showcased 84" ultra HD TVs in 2011, heralding the era of high-definition screens.

LG has also been at the forefront of developing the latest display technology, producing 55" organic light-emitting diode (OLED) TVs in 2013.

The company said it will expand the OLED TV lineup in the global market, and plans to release products with hotel room service options in North America, Europe, Asia, Middle East and Africa this year.

"We will continue to make efforts to lead the global premium TV market with advanced OLED TVs," said Kwon Bong-suk, vice president of the home entertainment department at LG Electronics.

Source: Yonhap News Agency

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