In 1953, LGI started off as Lucky Industry, and has since been involved in exporting and importing activities for Korea ’s major industries, leading the way for the country’s significant economic development. LGI is proud of its status as a total trading company, acquiring and supplying resources essential for industrial growth and enhanced life quality, as well as a wide range of raw materials. I am deeply thankful for the unwavering support of our customers and stakeholders, which they have provided to LGI for over 50 years.
In the 21st Century competition is growing more intense than ever before to secure and supply resources. LGI espouses the mid- and long-term vision of becoming a trading specialist in resources and industrial raw materials, endeavouring to maximize its business capabilities, and committed to being reborn as a highly competitive global business partner. We pledge to make a definitive investment in developing overseas resources and reliably acquiring and supplying energy and raw materials domestically unavailable to Korean industries. Also, backed by our accumulated business experience and powerful operational networks, we will continuously push to explore new markets and invest in the development of new businesses and eco-friendly businesses, creating future revenue sources and honouring our corporate social responsibilities.
LG International Corp. operates its business through three divisions. The energy and metal division provides petroleum, natural gas, crude oil, coals, steels and others. The plant and petrochemical division is engaged in the provision of petrochemical products such as synthetic resins, basic emulsion and other chemicals, and construction of industrial and power plants. The import and distribution division imports and sells helicopters, commercial cars and information technology (IT) products such as digital cameras, mobile related components, displays and others. During the year ended December 31, 2007, energy and metal division and plant and petrochemical division accounted for approximately 60% and 37% of total sales. The Company has five subsidiaries and 42 branch offices in the overseas markets including China , Japan and Oceania , among others.
Quick Financial Synopsis
BRIEF: For the fiscal year ended 31 December 2007, LG International Corp.'s total revenues decreased 6% to W8.814T. Net income decreased 53% to W47.90B. Revenues reflect exclusion of fashion business segment. Net income also suffered from decreased gross profit margin, decreased gain on derivatives trade, increased loss on disposal of trade receivables, inclusion of bad debt expense and decreased gain under equity method.
LG International Corp. IR Team, LG International Corp., LG Twin Tower ,
Yoido-dong 20, Youngdungpo-gu, Seoul 150-721, Korea .
E-mail : email@example.com
FAX : 82-2-3773-5836
LG International Corp - Philippines
General & Wholesale Trading
Private Limited Company
Unit 1012 Tower 1 and Exchange Plaza