LG plans to shut down its mobile phone arm, Korean news site DongA reported over the weekend. The business would be closed rather than sold, the report said, citing an unnamed source, who said negotiations for a sale to Volkswagen and Vingroup JSC had stalled.
This follows a January report by the Korea Herald thatdespite the fact that he has just created his at CES 2021.
LG in February denied reports thatthe LG Rollable, but DongA reported on Sunday that LG had canceled plans to launch rollable phones in the first half of 2021. The highly competitive Oppo and Huawei, with on the market and .
LG is “exploring a variety of options in light of the headwinds facing our mobile business,” Michelle Leff Mermelstein, LG’s US public relations manager, said in an emailed statement.