LG H&H Co., Ltd., formerly LG Household & Health Care, is a major South Korean consumer goods company that manages cosmetics, household goods, and beverages business. It is also the South Korean bottler of the Coca-Cola system.
Summary
History
Founded in 1947, Koo In-Hwoi (founder of LG Corp) established Lucky Chemical Industrial Corp, and launched Lucky Cream, the very first cosmetics product in Korea. In 1954, the company also launched Korea's first toothpaste brand, Lucky Toothpaste. In February 1995, the company changed its name to LG Chemical Ltd. In April 2001, LG Household & Health Care spun off from LG Chemical, and was listed on the Korea Stock Exchange.[2] Since current CEO & Vice Chairman, Suk Y. Cha joined the company in 2005, the business made a successful turnaround, and the company's growth was further driven by strategic M&As.[3]