GoldStar was a South Korean electronics company established in 1956 which also made both elevators and escalators. It's elevator and escalator division was established in 1968, making it the second-oldest elevator manufacturer in South Korea after Dong Yang. It continues to make elevators and escalators until 1995, when it was officially renamed to "Lucky Goldstar" (LG) after Lucky Chemical merged with GoldStar.

GoldStar was established in 1956, and their elevator and escalator division was established in 1968. It began exporting elevators overseas in 1978. In 1985, GoldStar produced a DC controlled elevator and a VVVF elevator was developed two years later. In 1989, an elevator factory and test tower was built in the town of Changwon, Korea, with a height of 114 meters.

In 1994, Lucky Chemical merged with GoldStar and was renamed to Lucky Goldstar (LG) in 1995. During this time all the elevators and escalators were branded as LG. In 1999, Otis had a joint venture with LG Elevators, forming LG-OTIS. Then, Sigma Elevator Company was established in 2001. The LG-OTIS brand lasted until 2005, and it is currently known as Otis Elevator Korea.

GoldStar also had technical partnership with Mitsubishi and Hitachi, and as the result, the design of their elevators were almost identical to Mitsubishi and Hitachi. For example, most GoldStar elevators installed in the 1970s and 1980s used Hitachi fixtures, and some GoldStar elevators installed in the 1990s in South Korea used Mitsubishi's fixtures. Many GoldStar elevators produced from the 1970s to the 1990s had Hitachi's fireman switch and drop keyhole on the landing doors as well.

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