High Quality Content by WIKIPEDIA articles! LG-Ericsson is a joint venture company created between the Swedish group Ericsson and the South Korean group LG Electronics. Founded in November 2005, it engineers and designs telecommunications equipment, with LG providing distribution and marketing. The company, which has approximately 1,500 employees, designs and markets advanced solutions for telecommunications networks operators and enterprises in Korea and internationally. On 29 June 2010, Ericsson bought Nortel`s stake in LG-Nortel (LG-Ericsson`s former name), and subsequently renamed it LG-Ericsson.