Published in Mobiles

LG more likely to pull out of mobiles

by on24 March 2021

Rumours intensify

Rumours that LG Electronics may shutter its mobile communication business rather than sell it are gathering momentum.

More reports are coming in that negotiations with Germany's Volkswagen and Vietnam's Vingroup on the possible sale of the smartphone business seemed to have failed.

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 Sunday that LG has shelved a planned first-half rollout of all new smartphones.

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

Last modified on 24 March 2021
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