As LG Electronics Withdraws from Mobile Phones... Japanese Media Says "Due to Being Outpaced by China"

The LG Twin Towers in Yeouido, Seoul, where LG Electronics' headquarters is located, on the 2nd, as LG Electronics' exit from the smartphone business is imminent. Photo by Mun Honam munonam@

[Asia Economy Reporter Kim Hyemin] Japanese media attributed LG Electronics' decision to cease mobile phone production and sales after 26 years to the rise of Chinese companies.

NHK analyzed, "In the premium model market, the gap has widened with American Apple and Korean Samsung Electronics, and being pushed aside by Chinese companies and others is a factor."

The Nihon Keizai Shimbun stated, "Korean companies that had cornered Japanese electric companies have also begun to withdraw inevitably due to the pursuit by Chinese companies." It noted that after LG Electronics' mobile phone business peaked in 2014, it continued to be overshadowed by Chinese companies such as Huawei, Xiaomi, and Oppo.

Kyodo News forecasted, "There is also a possibility of talent outflow to Chinese companies expanding their influence in the smartphone market."

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