In order to create a holding company, the former LG Electronics was split off in 2002, with the "new" LG Electronics being spun off and the "old" LG Electronics changing its name to LG EI. In 1999, LG Semiconductor merged with Hynix.
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In 1998, LG developed the world's first 60-inch plasma TV and established a joint venture in 1999 with Philips – LG.Philips LCD – which now goes by the name LG Display. The company was also awarded UL certification in the US. Also in that year, LG Electronics made the world's first CDMA digital mobile handsets and supplied Ameritech and GTE in the US, the LGC-330W digital cellular phone. In 1995, LG Electronics acquired the US-based TV manufacturer Zenith and absorbed it four years later. In 1994, GoldStar officially adopted the LG Electronics brand and a new corporate logo. Rapid growth by globalization saw the company establish its first overseas production, based in the United States, in 1982. LG Electronics earned US$100 million in revenue from exports for the first time in its history. GoldStar merged with Lucky Chemical and LS Cable on 28 February 1995, changing the corporate name to Lucky-Goldstar and then finally to LG Electronics. GoldStar was one of the LG groups with a brethren company, Lak-Hui (pronounced "Lucky") Chemical Industrial Corp. The start of the country's national broadcasting that created a booming electronics market and a close relationship it quickly forged with Hitachi helped GoldStar to produce South Korea's first radios, TVs, refrigerators, washing machines and air conditioners. It was established in the aftermath of the Korean War to provide the rebuilding nation with domestically-produced consumer electronics and home appliances. In 1958, LG Electronics was founded as GoldStar ( Hangul: 금성).