LG Electronics is part of the LG Group and is responsible for the production of electronic products. Its business can be divided into four divisions-home entertainment, mobile communications, home appliances and air conditioning solutions, and vehicle components. In 2011, it became the second largest TV manufacturer in the world. South Korea's LG Group was established in Seoul, South Korea in 1947, and is located at No. 20, Yeouido-dong, Yeongdeungpo District, Seoul. It is an international enterprise group leading the development of world industries. The LG Group has established more than 300 overseas offices in 171 countries and regions. Its subsidiaries include: LG Electronics, LG Display, LG Chem, LG Life and Health, etc. The business areas cover chemical energy, electronics, communications and services.