2007~Present
Develop new business models
Make up the future in business solution
In 2019, LGI became Korea's first runner to list Musandam Power Company, which is our joint venture company on the Muscat Securities Market in Oman. LGI successfully built a gas thermal power plant as an independent power producer in the Musandam Peninsula. We have proved our differentiated, competitive business competence by leading all processes from the business proposition, plant construction, project financing, commercial operation, to the stock market listing.
2019
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12
listed Musandam Power Company(Musandam Power Plant) to the Muscat stock exchange
2018
-
10
Completed Petrochemical plant in Turkmenistan
-
09
Acquired an equity for a couple of Palm Plantation in Indonesia
2017
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12
Began operation of Cement Plant in Myanmar
-
12
Began operation of Wuwei Thermal Power Plant in China
-
11
Began operation of Musandam Power Plant in Oman
2016
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11
Began construction in Hasang hydroelectric power plant in Indonesia
-
09
Began production in GAM coal mine at Indonesia
2015
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10
Completed refinery plant in Turkmenistan
-
10
Invested in Wuwei combined heat & power plant in Gansusheng, China
-
08
Advanced in Hasang hydroelectric power plant in Indonesia
-
08
Aquisition of Dangjin Tank Terminal
-
05
Aquisition of controlling stake in Pantos Logistics
2014
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07
Constructs a Coal-to-Chemicals Plant in China and Producing 940,000 tons of urea a year
-
06
Acquired the right to sell the sulfur produced in the gas desulfurization facilities of Turkmengas in Turkmenistan
-
05
Order received for petrochemical plant 3.4 billion dollars in Turkmenistan
2013
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12
Acquired 7.5% of STX Energy through the consortium of LGI and GS Corporation
-
09
Completed Galkynysh gas treatment plant of 1.5 billion dollars in Turkmenistan
-
07
Equity acquired for Coal to Chemical plant at Inner Mongolia in China
-
Order received for Petroleum processing plant of 240 million dollars in Turkmenistan
2012
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12
Equity acquired for ten oil mines in Colombia
-
10
Processing factory for Palm Oil completed in Indonesia
-
07
Acquired GAM Coal mine in Indonesia
-
03
Order received for modernization of oil refinery plant of 530 million dollars in Turkmenistan
2011
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09
Began commercial production in Wantugou coal mine at Inner Mongolia in China
-
05
Acquired an equity for three Oil fields including the block Fell in Chile
2010
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09
Acquired an equity for steel coil center in China
-
Invested in Rosemont copper mine in USA
-
06
Participated in ‘Sal de vida project’ of Lithium exploration in Argentina
-
04
Acquired an equity for NW Konys oil field in Kazakhstan
2009
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12
Order received for Gas treatment Plant of 1.5 billion dollars in Turkmenistan
-
11
Ventured into the Palm Oil plantation business in Indonesia
-
02
Began the commercial production in West Bukha Oil field in Oman
-
Began the commercial production in MPP coal mine in Indonesia
2007
-
11
Order received for Polypropylene Plant of 170 million dollars in Vietnam
1995~2006
LG International began to sail
Established a foundation
for stability beyond
a suffering from IMF crisis
Even in the crisis of IMF, triggered by the serial bankruptcy of prominent domestic firms through nonpayment and radical collapse of financial market, causing disastrous national nonpayment, LGI demonstrated even better its ability as a international organizer. Receiving the order for NODCO Oil refinery project in Qatar, amount of seven hundred million dollars, is representative of the good examples. It was a triumph over outstanding competitors from France, Japan and others, won even in the worst financial situation caused by IMF crisis. Moreover, it was recorded as the largest of all the overseas projects done by Korean firms in the year. The best output under the worst environment! That is the true implication of receiving the order for Qatar Oil refinery project.
2006
-
11
Began the commercial production in Vietnam in Block 11-2 gas field
-
Human resources of LG International divided into LG Trading Corporation and LG Fashion Corporation
-
02
Order received for Aromatics Plant of 1.5 billion dollars in Oman
2005
-
08
Acquired an equity in ADA Oil field in Kazakhstan
2004
-
05
Order received for Polypropylene plant of 180 million dollars in Oman
2003
-
11
Won the Tower of Export of 15 billion dollars on 40th Trade Day
-
01
The first investment business for RapuRapu copper mine in the Philippines
2002
-
12
Signed a contract with Vietnam Gas Corporation(“Petro Vietnam Gas”) on supplying gas from 2006 to 2028
-
09
Order received for gas plant in Iran
-
05
Order received for Oil refinery in Libya
-
01
Order received for oil refinery in Turkey
2001
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03
Order received for petrochemical plant in Iran
2000
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05
Order received for petrochemical plant in Kuwait
1999
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11
Won the Tower of Export of 10 billion dollars on 36th Trade Day
-
09
Agreement made with Sinarmas Group in Indonesia on two hundred million dollar trade
-
01
Unified Trading CU and Fashion CU
1998
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07
Order received for Oil refinery from Qatar, amount of seven hundred million dollars
-
06
Managed exchange risk in preparation for introduction of in-company futures exchange system
1997
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11
Won a Gold Tower Industrial Decoration on 34th Trade Day
-
06
Introduced a piece-rate compensation system for staffs over deputy
-
02
Participated in equity for Bukha oil field in production stage
-
Participated in joint development of Dong Pao mine in Vietnam
1996
-
11
Received an order for refined oil plant of TPI company in Thailand
1995
-
12
Completed Gamcheon petrochemical tank-terminal in Busan for the first time among general trading companies in Korea
-
01
Company name changed to LG International Corp.
1984~1994
Expand the functions as a trading company
Enter the investment
in developing foreign
natural resources
In 1980s, Lucky Goldstar Trading Corporation realized a visible success in businesses such as Current States, as a result of expanding the functions of trading company by strengthening powers in financing, information and organizing. The project for developing soft coal at Ensham region in Australia is one of the most outstanding examples of the success. In this project which it took part in 1983, Lucky Goldstar won a triumph of discovering a vein of soft coal of a world scale in three years of exploration.
1994
-
06
Signed an agreement on joint development of Elga thermal coal mine in Republic of Saha, Russia
-
01
Signed a contract to supply coal for Kepco for ten years
-
Imported Helicopter(KA-32T) from Russia for the first time in Korea
-
Fashion CU spun off from Trading CU
1993
-
08
Set up a joint trading corporation named ‘Erellsa’ in Russia
1992
-
08
Participated in exploring Block 11-2 in southern sea of Vietnam
1991
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11
Won the Tower of Export of three million dollars and the Silver Tower Industrial Decoration on 28th Trade Day
-
Set up Bucharest Branch office in Rumania
-
05
Beijing Branch opened in China
-
03
Set up a Korean-Russian joint trading company named ‘Risco’ for the first time in Korea
1990
-
10
Exported manufacturing plant for tungsten powder to India for the first time in Korea
-
Moscow Branch office opened in Soviet Union
-
06
Held a signing ceremony with Middleland Bank in England for a joint venture to develop copper mine in Chile
1989
-
12
Exported dyeing plant to Iran, and signed a contract for compensation trade for the first time in Korea
-
09
Participated in developing Belliz oil field in Mexican Bay
-
03
Set up a channel for direct trade with Soviet Union, and exported consumer products directly to the country
-
01
Opened a letter of credit between Beijing and Seoul for the first time
1988
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12
Hosted a large scaled general commodity exhibition in Moscow for the first time among general trading companies
-
03
Set up a joint venture with Chevron corp. to participate in oil field development on a full scale in US
1987
-
02
Exploration project completed for Ensham thermal coal mine in Queenslands, Australia
1986
-
11
Exported color TVs and VCRs to Australia by Goldstar brand
-
01
Exported color TVs to Nepal for the first time in Korea
1985
-
10
Exported electric hardware of one million dollars to Republic of Trinidad
-
09
Exported printers to US by OEM for the first time in Korea
-
03
Won the Bronze Tower Industrial Decoration on 13th Commerce & Industry Day
1984
-
04
Signed a long-term contract to import Petroleum from Equator
-
03
Signed a contract to develop Adang oil field in Indonesia
-
01
Changed the company name to Lucky Goldstar International Corp.
1970~1983
Acquired a license
for general trading company
Accelerating development
of new overseas market
Since it changed company name to Bando Trading Corporation, Lucky Industry steadily continued to grow up, and ended up acquiring a license for a general trading company in November 12 in 1976. Bando Trading Corporation, a well-equiped power as a general trading company, has got to catch sight of spacious ocean for global competition. It is self-evident that the company has built a foundation necessary to stand firm as a globalized business.
1983
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12
Signed a contract for Sabic Project in Saudi Arabia
-
11
Won the Silver Tower Industrial Decoration on 20th Export Day
-
03
Signed an agreement on taking part in development of thermal coal in Queensland in Australia
1982
-
12
Received an order for a substation turnkey project from Office of Electric power in Bangladesh for the first time in Korea
1981
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12
Won the Tower of Export on 18th Export Day for exporting five hundred million dollars
-
07
Exported Steel Plant to Egypt for the first time in Korea
1979
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11
Won the Tower of Export on 16th Export Day for exporting four hundred million dollars
-
03
Made a contract with Pernaz Trade Corporation to get authorized for monopolistic power to sell elevators
1977
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07
Changed company’s English name to BandoSangsa Co. Ltd
-
02
Received the first permit to pass the customs by means of a person’s name
1976
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11
Won the Tower of One Hundred Dollar Export and Gold Tower Industrial Decoration on 13th Export Day
-
Designated as a general trading company
-
10
Got through one hundred million dollars’ export
-
08
Set up 10 overseas branches including Amsterdam and San paolo
-
03
Set up London Branch in England
-
Set up Tripoli Branch in Libya
-
01
Public offering of shares, with a capital increase to 1.2 billion won
1975
-
10
Set up Paris Branch in France
-
01
Set up Kuwait Branch in Kuwait
1974
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12
Launched Bando Fashion and opened the first store of Myungdong in Myungdong
1971
-
07
Set up LA subsidiary in USA
1970
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11
President Ja-Kyong Koo won the Bronze Tower Industrial Decoration On 7th Export Day for an honorable contribution to export
-
02
Merged Lucky Fiber Corporation, entering sewing industry on a full scale
1953~1969
Established Lucky Industry Corporation
Specialized in export and
import of Lucky Group
On November 26 in 1953, In Hwoi Koo, the founder of LG Group, established Lucky Industry Corporation, a form of corporation, and took office of the first president. LGI, like this, began to sail as a firm with a form of corporation for the first time in LG Group. In accordance with the consistent progress of business, LGI has been changing its name to Bando Trading Corporation in 1956, to Lucky Goldstar Trading corporation in 1984, and currently called LG International in 1995. Lucky Industry located its main office at Moogyodong, Joong-gu in Seoul and specialized in raw material import, introduction of machine and facilities, customs clearance, collection of overseas information, and so on.
1969
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12
Set up Frankfurt subsidiary in Germany
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The President In-Hwoi Koo won the Bronze Tower Industrial Decoration On 6th Export Day for an honorable contribution to export
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11
Introduced an electronic calculator for operation for the first time in domestic field of private firms
-
10
Broke through five million dollars’ export
-
Set up Hamburg Branch in Germany
1968
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05
Set up New Deli Branch in India
1967
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06
Set up New York Branch in US
1966
-
11
Prime Minister Prize awarded on Third Export Day for realizing one million dollars’ export
-
07
Busan Factory constructed at Yonji-dong in Busan, Korea
1965
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06
Set up a subsidiary in Tokyo, Japan
-
01
Set up a branch in Nairobi, Kenya
1956
-
04
Company’s name Changed to Bando Corporation as a general trading company
1953
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11
In-Hwoi Koo, the founder of LG Group was inaugurated as the first president of the company
-
Established Lucky Industry Corporation as a company specializing in export and import of Lucky Group