CEO : Yoon Chun Sung
LX International, 58, Saemunan-ro, Jongno-gu, Seoul, 03184, Korea
COPYRIGHT©2021 BY LX International Corp.
Since its inception as ‘Lucky Industry Corporation’ in 1953, LX International has persistently reinvented itself and made progress. Through the journey from ‘Bando Corporation,’ ‘Lucky Goldstar International Corp.,’ ‘LG International Corp.,’ to LX International, we have laid the foundation for trade in Korea and gone hand in hand with the nation’s economic development.
Now, we are gearing up to become a global trading company that provide a full suite of services across the entire value chain ranging from trading to business development, investment to financing & raw material supply to logistics. We are looking to further raise our brand reputation as well as to continue the innovation and growth based on over 50 business hubs around the globe.
LX International has contributed to the competitiveness of our customers by delivering values that live up to their expectation. We will shape a future of business solution through the identification and provision of differentiated customer value.
|Company||LX International Corp.|
|CEO||Yoon Chun Sung|
|Address||LX International, 58, Saemunan-ro, Jongno-gu, Seoul, 03184, Korea|
|Major Financial Indicators||Sales revenue : 16,687 KRW billion
Operating income : 656 KRW billion (2021, K-IFRS)
We sincerely welcome customers who have visited the LX International website.
In addition, I would like to express my deepest gratitude for your unwavering interest and affection.
LX International, which changed its name last year, is running towards new achievements more vigorously than ever before.
LX International continues to strive to build new growth engines while strengthening the competitiveness of its existing businesses by preemptively responding to these uncertainties, such as deepening global inflation and tight supply chains.
In particular, we want to maximize the gacha of our existing core businesses, such as natural resource development and trading, while actively challenging future promising areas such as eco-friendly and secondary battery core materials. Through this, we will secure a new growth engine and make more efforts to actively create an ESG management culture.
We will secure a future growth engine for LX International by building a balanced business portfolio between existing and new businesses. Based on the vision of ‘Future in Business Solution’, we will do our best to thoroughly create customer value and enhance business value in order to take a step forward as a company. We ask for your continued interest and support as LX International continues to grow.
2019 ~ Present Future in Business Solution
Incorporated into LX Holdings, which was launched in 2021, and changed the company name from LG International to LX International taking a leap forward as “a key player in the future promising energy sector”, the company has set its mid- to long-term strategic direction to lead the growth of LX Group through the creation of new businesses.
Based on the vision of 'Future in Business Solution', we are making every effort to thoroughly create customer value and enhance business value in order to take a step forward as a company.
Creating the Future in Business Solution
12 Won a Tin Tower Industrial Decoration on 58th Trade Day
07 Changed the corporate name from LG International Corp. to LX International Corp.
10 Won the excellent ESG company award 2020 in the outstanding companies category
07 Selected as a free-willed mutual cooperative company by the Ministry of SMEs and Startups
01 Began commercial operation of Hasang hydroelectric power plant in Indonesia
12 listed Musandam Power Company(Musandam Power Plant) to the Muscat stock exchange in Oman
2007 ~ 2018 Develop new business models
In 2017, the Oman Musandam Thermal Power Plant started commercial operation. LX International, which has built a gas thermal power plant on the Musandam Peninsula in Oman and is running a plant as a Independent Power Producer, Starting with the initial proposal of this project, construction of power plant, project financing, commercial operation, By leading all the departments leading up to the listing on the stock market, he has demonstrated the differentiated capability of competitive advantage.
Expand resource and infrastructure-oriented asset investment
10 Completed Petrochemical plant in Turkmenistan
09 Acquired an equity for a couple of Palm Plantation(GUM, TBSM) in Indonesia
Began operation of Cement Plant in Myanmar
Began operation of Wuwei Thermal Power Plant in China
11 Began operation of Musandam Power Plant in Oman
11 Began construction in Hasang hydroelectric power plant in Indonesia
09 Began production in GAM coal mine at Indonesia
Completed refinery plant in Turkmenistan
Invested in Wuwei combined heat & power plant in Gansusheng, China
Advanced in Hasang hydroelectric power plant in Indonesia
Aquisition of Dangjin Tank Terminal
05 Aquisition of controlling stake in Pantos Logistics
07 Completed construction of a Coal-to-Chemicals plant and began commercial production at Inner Mongolia in China
06 Acquired the right to sell the sulfur produced in the gas desulfurization facilities of Turkmengas in Turkmenistan
05 Received an order for petrochemical plant 3.4 billion dollars in Turkmenistan
12 Acquired 7.5% of STX Energy through the consortium of LX International and GS Corporation
09 Completed Galkynysh gas treatment plant of 1.5 billion dollars in Turkmenistan
Acquired an equity for Coal to Chemical plant at Inner Mongolia in China
Received an order for Petroleum processing plant of 240 million dollars in Turkmenistan
12 Acquired an equity for ten oil mines in Colombia
10 Completed palm-oil(CPO) processing plant in Indonesia
07 Acquired GAM Coal mine in Indonesia
03 Received an order for modernization of oil refinery plant of 530 million dollars in Turkmenistan
09 Began commercial production in Wantugou coal mine at Inner Mongolia in China
05 Acquired an equity for three Oil fields including the block Fell in Chile
Acquired an equity for steel coil center in China
Invested in Rosemont copper mine in USA
06 Participated in ‘Sal de vida project’ of Lithium exploration in Argentina
04 Acquired an equity for NW Konys oil field in Kazakhstan
12 Received an order for Gas treatment Plant of 1.5 billion dollars in Turkmenistan
11 Ventured into the Palm Oil plantation business in Indonesia
Began commercial production in West Bukha Oil field in Oman
Began commercial production in MPP coal mine in Indonesia
11 Received an order for Polypropylene Plant of 170 million dollars in Vietnam
1995 ~ 2006 LG International began to sail
Even in the crisis of IMF, triggered by the serial bankruptcy of prominent domestic firms through nonpayment and radical collapse of financial market, causing disastrous national nonpayment, LX International demonstrated even better its ability as a international organizer. Receiving the order for NODCO Oil refinery project in Qatar, amount of seven hundred million dollars, is representative of the good examples. It was a triumph over outstanding competitors from France, Japan and others, won even in the worst financial situation caused by IMF crisis. Moreover, it was recorded as the largest of all the overseas projects done by Korean firms in the year. The best output under the worst environment! That is the true implication of receiving the order for Qatar Oil refinery project.
Established a foundation for stability beyond a suffering from IMF crisis
11 Divided human resources into LG International and LG Fashion Corporation
02 Received an order for Aromatics Plant of 1.5 billion dollars in Oman
08 Acquired an equity in ADA Oil field in Kazakhstan
05 Received an order for Polypropylene plant of 180 million dollars in Oman
11 Won the Tower of Export of 15 billion dollars on 40th Trade Day
01 Initiated investment business for RapuRapu mine in Philippines
12 Signed a contract with Vietnam Gas Corporation(“Petro Vietnam Gas”) on supplying gas from 2006 to 2028
09 Received an order for gas plant in Iran
05 Received an order for Oil refinery in Libya
01 Received an order for oil refinery in Turkey
03 Received an order for petrochemical plant in Iran
05 Received an order for petrochemical plant in Kuwait
11 Won the Tower of Export of 10 billion dollars on 36th Trade Day
09 Made an agreement with Sinarmas Group in Indonesia on two hundred million dollar trade
01 Unified Trading CU and Fashion CU
07 Received an order for Oil refinery plant from Qatar, amount of seven hundred million dollars
06 Managed exchange risk in preparation for introduction of in-company futures exchange system
11 Won a Gold Tower Industrial Decoration on 34th Trade Day
06 Introduced a piece-rate compensation system for staffs over assitant manager
Participated in equity for Bukha oil field in production stage
Participated in joint development of Dong Pao mine in Vietnam
11 Received an order for refined oil plant of TPI company in Thailand
12 Completed Gamcheon petrochemical tank-terminal in Busan for the first time among general trading companies in Korea
01 Company name changed to LG International Corp.
1984 ~ 1994 Expand the functions as a trading company
In 1980s, Lucky Goldstar Trading Corporation realized a visible success in businesses such as Current States, as a result of expanding the functions of trading company by strengthening powers in financing, information and organizing. The project for developing soft coal at Ensham region in Australia is one of the most outstanding examples of the success. In this project which it took part in 1983, Lucky Goldstar won a triumph of discovering a vein of soft coal of a world scale in three years of exploration.
Enter the investment in developing foreign natural resources
06 Signed an agreement on joint development of Elga thermal coal mine in Republic of Saha, Russia
Signed a contract to supply coal for Kepco for ten years
Imported Helicopter(KA-32T) from Russia for the first time in Korea
Fashion CU spun off from Trading CU
08 Set up a joint trading corporation named ‘Erel’ in Russia
08 Participated in exploring Block 11-2 in southern sea of Vietnam
Won the Tower of Export of three million dollars and the Silver Tower Industrial Decoration on 28th Trade Day
Set up a branch in Bucharest, Rumania
05 Set up a branch in Beijing, China
03 Set up a Korean-Russian joint trading company named ‘Risco’ for the first time in Korea
Exported manufacturing plant for tungsten powder to India for the first time in Korea
Set up a branch in Moscow, Soviet Union
06 Held a signing ceremony with Middleland Bank in England for a joint venture to develop copper mine in Chile
12 Exported dyeing plant to Iran, and signed a contract for compensation trade for the first time in Korea
09 Participated in developing Belliz oil field in Mexican Bay
03 Set up a channel for direct trade with Soviet Union, and exported consumer products directly to the country
01 Opened a letter of credit between Beijing and Seoul for the first time
12 Hosted a large scaled general commodity exhibition in Moscow for the first time among general trading companies
03 Set up a joint venture with Chevron corp. to participate in oil field development on a full scale in US
02 Exploration project completed for Ensham thermal coal mine in Queenslands, Australia
11 Exported color TVs and VCRs to Australia by Goldstar brand
01 Exported color TVs to Nepal for the first time in Korea
10 Exported electric hardware of one million dollars to Republic of Trinidad
09 Exported printers to US by OEM for the first time in Korea
03 Won the Bronze Tower Industrial Decoration on 13th Commerce & Industry Day
04 Signed a long-term contract to import Petroleum from Equator
03 Signed a contract to develop Adang oil field in Indonesia
01 Changed the company name to Lucky Goldstar International Corp.
1970 ~ 1983 Acquired a license for general trading company
Since it changed company name to Bando Trading Corporation, Lucky Industry steadily continued to grow up, and ended up acquiring a license for a general trading company in November 12 in 1976. Bando Trading Corporation, a well-equiped power as a general trading company, has got to catch sight of spacious ocean for global competition. It is self-evident that the company has built a foundation necessary to stand firm as a globalized business.
Accelerating development of new overseas market
12 Signed a contract for Sabic Project in Saudi Arabia
11 Won the Silver Tower Industrial Decoration on 20th Export Day
03 Signed an agreement on taking part in development of thermal coal in Queensland in Australia
12 Received an order for a substation turnkey project from Office of Electric power in Bangladesh for the first time in Korea
12 Won the Tower of Export on 18th Export Day for exporting five hundred million dollars
07 Exported Steel Plant to Egypt for the first time in Korea
11 Won the Tower of Export on 16th Export Day for exporting four hundred million dollars
03 Made a contract with Pernaz Trade Corporation to get authorized for monopolistic power to sell elevators
07 Changed company’s English name to BandoSangsa Co. Ltd
02 Received the first permit to pass the customs by means of a person’s name
Won the Tower of One Hundred Million Dollars Export and Gold Tower Industrial Decoration on 13th Export Day
Designated as a general trading company
10 Got through one hundred million dollars’ export
08 Set up 10 branches including Amsterdam and San paolo
Set up a branch in London, England
Set up a branch in Tripoli, Libya
01 Public offering of shares, with a capital increase to 1.2 billion won
10 Set up a branch in Paris, France
01 Set up a branch in Kuwait
12 Launched Bando Fashion and opened the first store of Myungdong in Myungdong
07 Set up a branch in LA, USA
11 Won the Bronze Tower Industrial Decoration On 7th Export Day for an honorable contribution to export
02 Merged Lucky Fiber Corporation, entering sewing industry on a full scale
1953 ~ 1969 Established Lucky Industry Corporation
On November 26 in 1953, In Hwoi Koo, the founder of LG Group, established Lucky Industry Corporation, a form of corporation, and took office of the first president. LX International, like this, began to sail as a firm with a form of corporation for the first time in LG Group. In accordance with the consistent progress of business, LX International has been changing its name to Bando Trading Corporation in 1956, to Lucky Goldstar Trading corporation in 1984, and currently called LG International in 1995. Lucky Industry located its main office at Moogyodong, Joong-gu in Seoul and specialized in raw material import, introduction of machine and facilities, customs clearance, collection of overseas information, and so on.
Specialized in export and import of Lucky Group
Set up a branch in Frankfurt, Germany
Won the Bronze Tower Industrial Decoration On 6th Export Day for an honorable contribution to export
11 Introduced an electronic calculator for operation for the first time in domestic field of private firms(IBM SYSTEM 360, MODEL 25)
Broke through five million dollars’ export
Set up a branch Hamburg, Germany
05 Set up a branch in New Deli Branch, India
06 Set up a branch in New York, USA
11 Prime Minister Prize awarded on Third Export Day for realizing one million dollars’ export
07 Busan Factory constructed at Yonji-dong in Busan, Korea(Wigs into production)
06 Set up a branch in Tokyo, Japan
01 Set up a branch in Nairobi, Kenya
04 Company’s name Changed to Bando Corporation as a general trading company
In-Hwoi Koo was inaugurated as the first president of the company
Established Lucky Industry Corporation