Legal successor merged into LG Corp, business divisions spun off into a new LG Electronics
GoldStar was a South Korean electronics company established in 1958. The corporate name was changed to LG Electronics and LG Cable on February 28, 1995, after merging with Lucky Chemical. LG Cable was spun off from LG Electronics and changed its name to LS Cable in 2005.[1]
GoldStar Precision was a division manufacturing electronic test equipment such as multi-meters and oscilloscopes and industrial electronics. The name was changed to LG Precision with the merger, with many of the same products and model numbers being produced but with new branding. The measuring device division was acquired by EZ Digital in 1999, again with identical or similar model numbers.[2] The industrial products continue under the company name LIG Nex1.
Motors
GoldStar tractors began in 1975, as a division of Hyundai, in cooperation with Yanmar of Japan. In 1977, they began cooperation with Fiat of Italy, and in 1983, was acquired by GoldStar. Both companies, Lucky Chemicals and Goldstar Co. Ltd, merged and formed Lucky-Goldstar in this year. That same year, they began cooperation with Mitsubishi, and re-established cooperation with Fiat in 1984.[citation needed]
Tractors were sold under the GoldStar and Fiat-GoldStar brands. Fiat-GoldStar was a brand of tractors sold in cooperation with the Fiat company of Italy. The Fiat-GoldStar name was discontinued when GoldStar changed its corporate name to LG Cable.[citation needed]
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