The news that LG will stop using or sell their smartphones has been heard for a long time. Although the company has denied such claims. However, the Korean media reported another news item in Dong that hinted at something worse.
LG has already negotiated with Vingroup and Volkswagen as potential buyers to sell their mobile business. However, both talks failed. LG, which has a one per cent share of the international market, thinks the price is too high for both companies.
As a result, LG is now looking at the same path ahead, which is to close the mobile division. Dong said workers could be notified of the final decision in early April. Although the company will try to keep its mobile division employees in the household products and automotive division and other affiliates such as LG Energy Solutions.
Elchi has already suspended the process of bringing new smartphones. This includes the next version of the LG V60 Rainbow. While the process of making LG Rolls-Royce is underway, there are doubts as to whether it will eventually be unveiled commercially.