LG Group used to be Lucky, but this leading South Korean "chaebol" (family-run industrial group) has faced bad luck (difficult economic times) as well. Formerly known as Lucky Goldstar after its two founding companies, the multifaceted industrial group consists of 53 affiliated businesses that operate through about 150 subsidiaries in Korea and around the globe. After de-merging with GS Holdings Corp., its major operations are now divided into three business sectors: Chemicals (LG Chem), Electronics (LG Electronics, Luseum, and Sitron), and Telecommunications and Services (LG TeleCom, LG DACOM, and LG CNS).