• shortcut contents

LG

KoreanKOR
LG Electronics LG Display LG Innotek LG Chem LG Energy Solution LG H&H LG U+ LG HelloVision Corp. HSAD LG CNS D&O LG Business
Research
LG Twins LG Sakers
KoreanKOR

About LG
LG Way CI History Affiliated companies LG Sciencepark
Media
Press Release Video
ESG
Strategy Performance Practice Policy Report
IR
Corporate Governance Financial Highlights IR Archive Contact IR
About LG
LG Way CI History Affiliated companies LG Sciencepark
Media
Press Release Video
ESG
Strategy Performance Practice Policy Report
IR
Corporate Governance Financial Highlights IR Archive Contact IR
Press Release Video
LG Electronics

LG TO CLOSE MOBILE PHONE BUSINESS WORLDWIDE

2021.04.05
  • Copy URL to share
  • Share in Facebook
  • Share in Twitter
  • Share in Gmail

Stepping Away from Phone Manufacturing and Sales Enables Company to Focus on Growth Sectors Including EVs, IoT and B2B Solutions
 
 
SEOUL, April 5, 2021 — LG Electronics Inc. (LG) announced that it is closing its mobile business unit. The decision was approved by its board of directors earlier today.
 
LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.
 
Current LG phone inventory will continue to be available for sale. LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level.
 
Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas. Core technologies developed during the two decades of LG’s mobile business operations will also be retained and applied to existing and future products.
 
The wind down of the mobile phone business is expected to be completed by July 31 although inventory of some existing models may still be available after that.

  • PreviousLG’S 2021 SOUNDBARS OFFER PREMIUM AUDIO AND AI FEATURES WITH SUSTAINABLE DESIGNS
  • NextLG Display’s OLED TV panels obtain 'Discomfort Glare Free' verification from UL
List

Site map

Copyright ⓒ 2022 LG Communication Center, HSAD. All Rights Reserved.