Since its establishment in November 1953, LGI has been part of the driving force behind leading South Korea's trade and economic development. From 1970 to 1980, LGI spearheaded the export and import related activities of the country's major industries. In the 1990s, LGI entered new businesses, such as the development of natural resources and the construction of plants. In 2000, LGI has decided to invest in related fields, and thus became a true specialist in the development of natural resources. It also supplies displays and electronic parts, such as LCD panels and wafers, various parts for the automobile field, as well as elevators and building solutions for the industrial machine field. The company is involved in the development and supply of coal in Australia, Indonesia, the Russian Federation, China, and Canada, development of oil and gas fields in Oman, Qatar, Vietnam, Kazakhstan, and Chile.