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LG’s Legacy: Reinventing Itself for Every Generation

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  In the bustling streets of post-war Seoul, 1947, a determined entrepreneur named Koo In-hwoi set out to change his family's fortunes. He founded a small cosmetics company called Lak Hui Chemical Industrial Corp. (pronounced “Lucky”), with a single product: “Lucky Cream,” Korea’s first locally made face cream. The cream was a hit, and soon, Lucky expanded into soaps, toothpaste, and other household essentials, becoming a household name across Korea. But Koo In-hwoi was not content to rest on his laurels. As plastics became the material of the future, he led Lucky into this new industry in 1952, making it the first Korean company to enter plastics manufacturing. Driven by a vision that extended beyond cosmetics and chemicals, he saw a new horizon—electronics. In 1958, Koo founded GoldStar Co., Ltd. , a company dedicated to producing Korea’s first radios and, soon after, televisions and home appliances.GoldStar’s early products brought music and information into Korean homes, help...
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Changing the Lens: How Lenskart Made Eyewear a Fashion Statement

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  In 2010, Peyush Bansal , a young engineer with a degree from McGill University and experience at Microsoft, found himself back in India, searching for a meaningful problem to solve. He noticed a striking gap in the Indian eyewear market: millions needed glasses, but quality eyewear was either too expensive or simply out of reach for most people.This personal observation became the spark that would ignite Lenskart . Peyush teamed up with Amit Chaudhary and Sumeet Kapahi , and together, they founded Lenskart under the parent company Valyoo Technologies. Their mission was simple yet ambitious: make eyewear accessible and affordable for every Indian .. The trio started selling contact lenses online—but quickly expanded to prescription glasses and sunglasses, realizing that the need was much greater than they had first imagined. The Indian eyewear market at the time was chaotic and fragmented, dominated by small opticians with inconsistent pricing and limited options. Shopping for gl...
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