LG is the short form of “Lucky Goldstar,” but because of their tagline “Life’s good,” people often mistake it to be the meaning of LG. It is a South Korean company which is very well known all over the world for producing extraordinary, high-quality gadgets and electronics. It includes TVs, refrigerators, washing machines, air conditioners and so on. Because of the demand, they have also decided to enter the smartphone market. Their reputation for producing consumer electronics paid off, and they gained quick success in the global smartphone market.