LG considers leaving the mobile business
January 20, 2021
After nearly six successive loss-making years and a $5 billion commitment, LG may finally be ready to leave the smartphone business. The Korea Herald says that CEO Kwon Bong-seok, in a message to staffers, suggested that change was coming. A company official later told the paper that it was “about time for LG to make a cold judgment” about the ailing mobile division. Citing fierce competition…