<P> LG Corp. established as Rak - Hui Chemical Industrial Corp. in 1947 . In 1952, Rak - Hui (pronounced "Lucky", currently LG Chem) became the first South Korean company to enter the plastics industry . As the company expanded its plastics business, it established GoldStar Co. Ltd. (currently LG Electronics Inc .) In 1958, both companies Lucky and GoldStar merged and formed Lucky - GoldStar . </P> <P> GoldStar produced South Korea's first radio . Many consumer electronics were sold under the brand name GoldStar, while some other household products (not available outside South Korea) were sold under the brand name of Lucky . The Lucky brand was famous for hygiene products such as soaps and HiTi laundry detergents, but the brand was mostly associated with its Lucky and Perioe toothpaste . Even today, LG continues to manufacture some of these products for the South Korean market, such as laundry detergent . </P> <P> In 1995, to compete better in the Western market, the Lucky - GoldStar Corporation was renamed "LG". The company also associates the letters LG with the company's tagline "Life's Good". Since 2009, LG has owned the domain name LG.com . </P> <P> Since 2001, LG had two joint ventures with Royal Philips Electronics: LG Philips Display and LG Philips LCD, but Philips sold off its shares in late 2008 . In 2005, LG entered into a joint venture with Nortel Networks, creating LG - Nortel Co. Ltd . </P>

What is the full form of lg electronics
find me the text answering this question