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Question:
What is the economic global integrated of LG Electronics?
Answer:
Step 1
There are many global economic integrations of LG (Lucky Goldstar) electronics which are as per the following:
- LG Electronics is the world's second-biggest television maker and it has the third in producing mobile as per the 1st January 2015 reports. The settle of LG electronics is in you do, Seoul, South Korea. LG was established in 1947 as Lucky Chemical Industrial Corporation (LCIC) and it set up as an electronic Company known as Goldstar in 1958. Goldstar experienced high growth and benefit with the help of the Korean Government or we can say it as it was the local support in the method of Economic development.
Step 2
- LG Electronics mobile communication is really a worldwide leader and innovator and it gives the client new features or new models of smartphones and handsets. In the year 2010, the mobile communication division of LG electronics sold 116.7 million holding a market share of the overall industry of 8.4%. LG electronics extended its business in the market of China America and Germany and it also enters Africa and the middle east. The large population in Africa and the Middle East. Yet, with the exception of Iran and Turkey, the vast majority of the countries show low buying power.
- LG gadgets turned into Social Trends, it is successful in offering products and services to its buyers. It businesses in a worldwide and territorial economy. It is famous everywhere in the world and the customers are excited to buy LG electronics to satisfy their longings. so it is about the global economic integration of LG electronics.