Farewell to LG? The brand would consider exiting the móvil industry after years of losses.
Although the body was first denied the rumors the Korean LG seems to have resigned to confirm at the end Korean fonts that its main leaders would study the possibility Withdrawal from the móvil inteligente industryafter several years of free fall and millions in losses.
This seems to have been suggested by Kwon Bong-seok, the company’s chief executive officerin a statement to members of the teams of LG, stating that “the time has come for the brand to cold judge and make a decision” regarding the future of its mobile-focused division.
Kwon himself, who took up his position as director ejecutivo in early 2020, said his iniciativa is to “surprise” consumers with more impressive devices than other manufacturers. He promised that the brand’s móvil inteligente division would turn a profit in 2021. But things seem to have gone wrong.
The statement says so Irrespective of the decision made, employees keep their jobs in the companyand that “no need to worry”.
It also states that “the company is considering all possible actions, including the sale, withdrawal or reduction” of the móvil inteligente division. This is how almost 60% of the employees would work remapping to other tasks within the company, or they would continue to work i Companies associated with LG.
The news comes just a day after LG revealed this to the world Advances in mobile screens during CES 2021 and to announce the arrival of its first rollable phone, the LG Rollable, this year.
But it seems so six consecutive years of losses after the company decided to stop and start thinking seriously the future of this sectiontheir market share stood out 1.7 in December last year after the the latest StatCounter data.