LG Stops Producing Phones

LG is set to exit the smartphone business as it struggles to compete in a market which is dominated by smartphone giants such Apple, Samsung and booming Chinese brands. In a statement issued by the company, the tech giant said it will shut down its mobile business...

Xiaomi to expand presence with new phones

Xiaomi said it will launch new mid range smartphones in South Korea as the Chinese tech giant tries to beef up its presence amid rumors that the country’s homegrown brand LG Electronics Inc. may exit from the mobile business. Xiaomi said the Redmi Note 10 will...

LG may shut down its smartphone operation

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...
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