LG wants to close the mobile phone arm, the Korean news website DongA reported this weekend. The report said with reference to an unnamed source, who said that negotiations for a sale to Volkswagen and Vingroup JSC have stopped.
It follows a report in January from The Korea Herald thatdespite having just premiered at CES 2021
LG denied in February reports it was, LG Rollable, but DongA reported on Sunday that LG has canceled its plan to launch mobile phones in the first half of 2021. The hugely competitive , Oppo and Huawei, with on the market and .
LG “explores a number of options in light of the headwinds our mobile business is facing,” Michelle Leff Mermelstein, LG’s head of US PR, said in an email.