As the company expanded its plastic business, it established Gold Star Co. (currently LG Electronics Inc.) In 1958, both companies Lucky and Gold Star merged and formed Lucky-Gold Star. Many consumer electronics were sold under the brand name Gold Star, while some other household products (not available outside South Korea) were sold under the brand name of Lucky.

The Lucky brand was famous for hygiene products such as soaps and Hi Ti laundry detergents, but the brand was mostly associated with its Lucky and Perioe toothpaste.

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Even today, LG continues to manufacture some of these products for the South Korean market, such as laundry detergent.

In 1995, to compete better in the Western market, the Lucky-Gold Star Corporation was renamed "LG".

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