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LG Electronics Once upon a time, in the bustling city of Seoul, South Korea, a small company called GoldStar was founded in 1958. The company initially focused on producing radios and TVs, but as time went on, it began to expand its product line to include refrigerators, air conditioners, and washing machines. In 1995, GoldStar merged with Lucky Chemical to form LG Electronics, which is now one of the world's leading manufacturers of electronics and home appliances.