Saturday, February 24, 2024

Caramba! Mobile Division files for bankruptcy, LG exits mobile phone business


LG logo. [Shutterstock]

The shocking news came from LG, a South Korean electronics giant company (South Korea). LG has announced that it will exit the mobile phone business in early April 2021. – The shocking news came from LG, a South Korean giant electronics company (South Korea). LG has announced that it will exit the mobile phone business in early April 2021.

LG has officially halted all manufacturing operations for the mobile division today (05/31/2021). This is according to a South Korean magazine. The company has also transferred human resources to other divisions so that employees can still work.

However, LG users shouldn’t worry. Because for some time LG promises to remain committed to compatibility with smartphone devices in the future.

Quoted from, media network, LG’s flagship HP, will get three years of software support. Some models (including the Q series) will get Android 12, while the latest premium models are expected to get an update to Android 13.

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According to GSMArena reports, LG smartphone users will also receive after-sales service for 4 years from the date of manufacture of the device. The LG Electronics factory in Vietnam (where most LG phones are made) will move to home appliances.

The company has shifted some of its production capacity to home appliances as a way to keep employees at the smartphone factory employed.

The remaining employees of the mobile division will be reassigned at the end of July 2021. Note that the factory in Hai Phong, Vietnam was founded in 2015 with the capacity to manufacture televisions as well as smartphones.

In addition, subsidiaries LG Innotek and LG Display also manufacture display and camera modules.

The employee turnover is smart enough, The Korean Herald reports that LG Electronics is on track to become the largest home appliance manufacturer with record sales of US $ 6.3 billion or Rp. 89.9 billion in the second quarter.

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LG Electronics has considered selling part of its operations or exiting the smartphone business as its mobile division continues to lose money.

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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