[Infostock Daily=Reporter Lee Ji-sun] LG Electronics has tentatively decided to close down its mobile business. The fate of the division will be determined during the board of directors meeting scheduled on the 5th of next month.
According to the business community on the 21st, LG Electronics will decide on the direction of operation of its mobile communication (MC) business headquarters, a smartphone business division, at a board meeting on the 5th of next month, and is expected to discuss how to withdraw.
Last month alone, the most likely proposal was the overseas sale. Companies such as Vienna Group in Vietnam, Google, Facebook and Volkswagen have been nominated for sale.
However, there has been little progress. LG Electronics can proceed with 'partial shut-down' rather than a completely shutting down mobile business.
In the event of a partial shut-down, it is observed that a rollable smartphone could be released, which received rave reviews at 'Consumer Electronics (CES) 2021,' the world's largest consumer electronics and information technology (IT) exhibition, in January.
Reporter Lee Ji-sun stockmk2020@gmail.com