LG to shut down mobile phone business

Nigerian Stock Exchange Forum
LG Electronics, a South-Korean-based technology company set to shut down its mobile phone production business, after making a huge loss for the past five years. This was announced after a board meeting on Monday, in Seoul. A statement was released to this effect. The shutdown is said to be completed by July 2021. "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,… LG to shut down mobile phone business
Source: LG to shut down mobile phone business

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