[Concall] LG Electronics, "Reviewing Various Internalization Plans for Mobile Core Technologies to Synergize with Future Businesses"

[Asia Economy Reporter Eunmo Koo] LG Electronics stated that in the event of withdrawing from the smartphone business, concerns about disruptions to future businesses such as the Internet of Things (IoT), robotics, and autonomous vehicles are being addressed by reviewing various internalization plans to create synergy between core mobile technologies and future businesses.

During the Q4 2020 earnings conference call held on the 29th, Dongmyung Seo, Head of Mobile Communications (MC) Management, said, “Our core mobile technologies are important assets not only for devices but also for smart home appliances and the automotive components business (VS). To timely respond to global trends such as IoT and VS, the MC Business Division and the Standards Research Institute are continuously conducting research.” He added, “In this regard, we are reviewing various internalization plans to create synergy with future businesses, and specific plans will be shared once the direction of the MC Business Division is decided.”

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