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tranced Posts: > 500

SEOUL, April 5, 2021 — LG Electronics Inc. (LG) announced that it is closing its mobile business unit. The decision was approved by its board of directors earlier today.

LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.

LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level.

Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas. Core technologies developed during the two decades of LG’s mobile business operations will also be retained and applied to existing and future products.

The wind down of the mobile phone business is expected to be completed by July 31 although inventory of some existing models may still be available after that.

http://lgnewsroom.com/2021/04[....]bile-phone-business-worldwide/
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Posted: 2021-04-05 13:39:52
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goldenface Posts: > 500

Sad to hear. They've had a good history.
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Posted: 2021-04-05 16:46:40
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tranced Posts: > 500

Hopefully it happens a Nokia/BlackBerry-esque miracle.
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Posted: 2021-04-05 19:28:10
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*Jojo* Posts: > 500

Such a BAD news to hear as I've been using LG high-end fones for the past 10 years now. But hey, maybe they'll make a . . McArthur (comeback or I shall return)? Like what Nokia and Motorola did. Who knows? Only Heaven does . . .

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Posted: 2021-04-08 23:15:38
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*Jojo* Posts: > 500

So, Samsung remains the "last-man-standing" on mobile phone brands from Korea?
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Posted: 2022-05-05 13:01:08
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goldenface Posts: > 500

How times have changed.

EDIT: Pantech still has a website.

[ This Message was edited by: goldenface on 2022-05-05 13:47 ]

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Posted: 2022-05-05 14:39:49
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