Renamed 'LS' along with LG Cables group in March 14, 2005, we set up the management philosophy as 'Always with our customers', and the mid and long term management goal as 'Excellent quality and product development power'.
We plan to be the Korea's first enterprise, the World's first enterprise, and future-leading enterprise through Total Solution system industry based on IT technology growing out of simple device manufacture.
(LG Group was divided into LG Group focusing on electronics and chemistry, GS Group focusing on oil refining and construction, and LS Group focusing on cables and industrial systems.)
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- Ground-breaking ceremony for the HVDC factory in Busan which was to be built first-ever in the country
- Won Best Brand Award Trusted by Consumers in Smart Grid section
- Cheongju and Cheonan LS Center obtained Greenhouse Gas Inventory Certification
- LS R&D Center opened in Beijing, China
- Get the largest number of Green Certification as the first company in Korea
- Establishment of factory in Busan
- Establishment of LS Metal
- Establishment of LS Hukai Electric
- Establishment of LS Sauter
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- Underwriting agreement of METRONIX.CO.,LTD.
- Establishment of LS Power Semitech J/V
- Incorporation of PLANET INT
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- Groundbreaking Ceremony for Busan Factory
- Opening of China R&D Center in Shanghai
- Recipient of Best Korean Company Award
(selected as the best company in the industry) - May. 2008 New Vision“Innovators of Innovation”(2015) Announced
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- Recipient of Korean Quality Grand Award
- Agreement reached on joint development of intelligent power chip modules with Semikron, Germany
- Founding of LS Industrial Systems (ME) FZE in Dubai, UAE
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- Recipient of Korean Quality Grand Award
- RFID Tag Production Line Launched
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- Establishment of Electric & Automation Equipment factory in Wuxi China
- Company name changed to LS Industrial Systems, Co., Ltd.
LG Industrial Systems has reformed its business organization in order to secure an international level of competitive power through specializing its business scope, while successfully operating the local corporations for production and sales in Dalian and Wuxi, China and Hanoi, Vietnam. In June 2001, we proclaimed ourselves the 'Leader in Industrial Power and Automation by offering TotalSolution' as the new vision, and have grown to be the enterprise with excellent quality and product development power through selection and concentration.
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- Establishment of a trading company in Shanghai, China Establishment of company-wide ERP System
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- Power Testing & Technology Institute (PvT&T) accredited as a testing and calibration laboratory by the Korea Laboratory Accreditation Scheme (KOLAS), a government agency
- Completion of factory in Dalian, China
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- Transfer of building equipment business to LG-OTIS
- Transfer of vending machine business to Carrier LG Co., Ltd.
- Completion of electricity power plant in Vietnam
- Transfer of copper refining business to LG Nikko Copper Inc
- Merger with LG Metal Co., Ltd.
LG Industrial Systems merged Goldstar Instrument & Electric Co., Ltd and Goldstar Electric Machinery Co., Ltd in 1995, and obtained the ISO9001 certificate for PLC in 1994 and inverters in 1996. And the company had proceeded to break the 100 million unit mark in the accumulated production of low voltage equipment in 1998.
LG Industrial Systems became the largest supplier in the Korean industrial power and automation market by reinforcing its internal capacity through these achievements coupled with business activation and management reforms.
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- Cumulative production of low-voltage equipment surpasses 100 million units
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- Establishment of a joint venture in Vietnam
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- Merger with Goldstar Instrument & Electric Co., Ltd and Goldstar Electric Machinery Co., Ltd
- Company name changed to LG Industrial Systems
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- LG Industrial Systems Co., Ltd. goes public with its stock
Soon after LG Industrial Systems was established in 1974, We had produced one million WHM units by 1975. We were the first to obtain the ISO9001 certificate in the Korean electric power industry in 1993, and have secured our position as a leading electric power supplier through diversification of business fields encompassing low to high voltage equipments.
LG Industrial Systems was the pioneer in the Korean automation industry, as the company had developed PLC in 1984, inverter in 1986 and DCS in 1989. LG Industrial Systems went public in 1993 with initial challenges overcome and growth ensured.
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- Exports surpass $100 million
- Merger with Goldstar Special Machinery Co., Ltd
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- Incoming panel manufacturing technology exported to Thailand
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- Acquisition of Goldstar Electric Machinery Co., Ltd’s incoming panel business
- Acquisition of Goldstar Instrument & Electric Co., Ltd’s incoming panel business
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- Company name changed to Goldstar Industrial Systems Co., Ltd.
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- Establishment of Lucky Packing Co., Ltd.
