LG

LG Electronics may shut down its mobile communication business rather than sell it, DongA Ilbo reports, citing an unidentified person in the electronics industry.

Negotiations with Germany’s Volkswagen and Vietnam’s Vingroup JSC on possible sale of the smartphone business seemed to have failed, according to the report.

LG Electronics’ CEO said in January that all options were on the table for the loss-making operation. The company was said to have halted development last month of phones with a rollable display, and DongA said that LG has shelved a planned first-half roll-out of all new smartphones.

LG may share its decision on the business’s fate with employees as soon as early April, the DongA report said.

Total page visits: 282 Visits today: 1 Total site visits: 247038

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

error: Content is protected