No smoke without fire: LG still thinks to say goodbye to its mobile division

Recently in there were rumors about that LG going to leave with smartphone market. As it turned out, they did not groundless.

What does it mean?

Earlier it was said about what is already in at the end of this month, the company will announce closing its mobile unit. But LG representatives denied this information, calling it «completely false and groundless».

Now LG CEO Electronics Kwon Bong Sok (Kwon Bong-Seok) said that «The company considers all possible measures, including the sale, withdrawal and shrinking smartphone business».

IN the company’s official statement says that its «mobile business is open to all possibilities». «On the global market, competition is intensifying in a mobile business that includes smartphones. IN at the moment we open to every opportunity and carefully review our plans for future», highlighted in LG.

In addition, Kwon Bong Suk sent a letter to the staff to which promised that they would keep their jobs regardless of fate business units.

Recall LG’s mobile business is in minus with second quarter of 2015. The company tried to change this by releasing smartphones with new design and unusual form factorsbut success they are not have brought. The latest project was a smartphone with rolling display LG Rollable shown on exhibition CES 2021.

Source: YonhapNews

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