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.
10
Won the Excellent ESG Company Award 2020 in the Outstanding Companies category
07
Selected as a free-willed mutual cooperative company by the Ministry of SMEs and Startups
01
Launch Commercial Operation of Hasang hydroelectric power plant in Indonesia
12
listed Musandam Power Company(Musandam Power Plant) to the Muscat stock exchange
10
Completed Petrochemical plant in Turkmenistan
09
Acquired an equity for a couple of Palm Plantation in Indonesia
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
11
Began construction in Hasang hydroelectric power plant in Indonesia
09
Began production in GAM coal mine at Indonesia
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
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
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
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
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
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
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
11
Order received for Polypropylene Plant of 170 million dollars in Vietnam
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.
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
08
Acquired an equity in ADA Oil field in Kazakhstan
05
Order received for Polypropylene plant of 180 million dollars in Oman
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
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
03
Order received for petrochemical plant in Iran
05
Order received for petrochemical plant in Kuwait
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
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
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
11
Received an order for refined oil plant of TPI company in Thailand
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.
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.
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
08
Set up a joint trading corporation named ‘Erellsa’ in Russia
08
Participated in exploring Block 11-2 in southern sea of Vietnam
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
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
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
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
02
Exploration project completed for Ensham thermal coal mine in Queenslands, Australia
11
Exported color TVs and VCRs to Australia by Goldstar brand
01
Exported color TVs to Nepal for the first time in Korea
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
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.
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.
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
12
Received an order for a substation turnkey project from Office of Electric power in Bangladesh for the first time in Korea
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
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
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
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
10
Set up Paris Branch in France
01
Set up Kuwait Branch in Kuwait
12
Launched Bando Fashion and opened the first store of Myungdong in Myungdong
07
Set up LA subsidiary in USA
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
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.
12
Set up Frankfurt subsidiary in Germany
The President In-Hwoi Koo won the Bronze Tower Industrial Decoration On 6th Export Day for an honorable contribution to export
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
05
Set up New Deli Branch in India
06
Set up New York Branch in US
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
06
Set up a subsidiary in Tokyo, Japan
01
Set up a branch in Nairobi, Kenya
04
Company’s name Changed to Bando Corporation as a general trading company
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