[Breaking] LG Electronics Announces Mobile Phone Business Suspension "Production and Sales Ended"
![[Breaking] LG Electronics Announces Mobile Phone Business Suspension "Production and Sales Ended"](http://www.asiae.co.kr/news/img_view.htm?img=2021040115043561368_1617257075.png)
[Asia Economy Reporter Cha Min-young] LG Electronics will end its mobile phone business, which it has led for 26 years since 1995, as of July 31.
On the 5th, LG Electronics announced through a board resolution that it will cease operations of its Mobile Communications (MC) division, which operates the smartphone business.
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The company stated, "The reasons are intensified competition in the mobile phone business and continuous business downturn," adding, "We will focus our capabilities on core businesses through internal resource optimization and improve the business structure."
This content was produced with the assistance of AI translation services.
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