[Photo] LG Electronics to Exit Smartphone Business

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 handles the smartphone business. The MC division's sales amounted to 5.2171 trillion KRW in 2020, accounting for 8.2% of the company's total revenue. The photo shows the LG Twin Towers in Yeouido, Seoul, where LG Electronics' headquarters is located. /Reporter Mun Honam munonam@

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