[Concall] LG Phone Exploring Business Direction Considering Employment Stability, Future Synergy, and Finance... Difficult to Specify Timing

[Asia Economy Reporter Eunmo Koo] LG Electronics stated that it is currently seeking the optimal approach for the future operation direction of its smartphone business by considering various factors such as employment stability, synergy with future strategies, and financial aspects.

During LG Electronics' 2020 Q4 earnings conference call held on the 29th, Dongmyung Seo, head of Mobile Communications (MC) Management, said, "As mentioned in last week's press release, we are objectively assessing the current and future competitiveness of the device business and keeping all possibilities open while reviewing the business direction. Currently, we are prioritizing employment stability of our members and comprehensively considering workforce management, synergy with the company's future strategies, and financial aspects to find the optimal plan."

Additionally, Seo stated, "At this stage, we are reviewing all possibilities regarding the direction of the device business, and no finalized plan has been made yet. It is difficult to specify the timing of the final decision on the business direction at this point. Once the direction is decided, we will communicate as quickly and transparently as possible."

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