Information has appeared online that the South Korean company has decided to close its production division
What is known
This was reported by a source from the DongA Ilbo publication.The company had been in talks to sell the business for some time with Vietnamese conglomerate VinGroup and even German automaker Volkswagen, but they fell through. According to the source, LG will announce the closure of its mobile division in the coming days. The company has already stopped production of new devices, as well as the development of the innovative Rollable smartphone with a stretchable screen.
Let us remind you that LG’s mobile business is in the redalready 23 quarters. The company tried to change this by releasing smartphones with new designs and unusual form factors, but they never brought success. One of the latest projects was the LG Wing with a T-shaped swivel body and two screens.
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