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LG could stop making smartphones in 2021

January 20, 2021

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The news comes from a memo CEO Kwon Bong-seok addressed to staff and published by The Korea Herald.

“Since the competition in the global market for mobile devices is getting fiercer, it is about time for LG to make a cold judgment and the best choice”, an LG official told the publication.

“The company is considering all possible measures, including sale, withdrawal and downsizing of the smartphone business”.

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