LG is looking to shut down its mobile phone arm, Korean news site DongA reported over the weekend. The business would be closed rather than sold, according to the report, citing an unidentified source, who said negotiations for a sale to Volkswagen and Vingroup JSC have stalled.
That follows a report in January by The Korea Herald thatdespite having premiered his at CES 2021.
LG in February denied reports that, the LG Rollable, but DongA reported on Sunday that LG canceled its plan to launch rollable phones in the first half of 2021. , Oppo and Huawei, with in the market and .
LG is “exploring a variety of options in light of the headwinds facing our mobile business,” Michelle Leff Mermelstein, LG’s director of US Public Relations, said in an emailed statement.