• LG is reportedly stopping flagship smartphone production in Korea

    1 month ago - By Phone Arena

    The LG G8 ThinQ
    LG's smartphone business has been struggling for quite some time, but the company is still hopeful of turning a profit. At this point, a sudden uptake in smartphone sales seems unlikely so LG has recently focused on cost-cutting measures, one of which seems to be suspending smartphone production in its home country.
    As reported by the Yonhap News Agency , LG is planning to shift its current Korean smartphone production over to a plant in Vietnam with the objective of helping “turn around the money-losing ...
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  • LG May Stop Manufacturing Phones In South Korea

    LG May Stop Manufacturing Phones In South Korea

    1 month ago - By Ubergizmo

    LG has really been feeling the pinch the smartphone market for quite some time. It has made some serious attempts to improve its fortunes but they're not quite yielded the results that it requires. LG isn't giving up on the business, though, and is making an effort to reform and optimize it. This may include discontinuing smartphone production in its home country of South Korea.
    According to media reports , LG is planning to suspend its smartphone manufacturing operations in South Korea this year. This means that the capacity wrapped up in its home country will be moved somewhere where the...
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  • LG to reportedly stop producing smartphones in home country of South Korea

    LG to reportedly stop producing smartphones in home country of South Korea

    1 month ago - By Techno Buffalo

    Phone production will be moved to an existing plant in Vietnam.
    Quarter after quarter, LG continually loses money on its smartphone division. The company's tried to shake things up, such as moving away from being committed to releasing a new phone every year, but it looks like things still aren't working.
    According to a report from Reuters citing Yonhap News Agency, LG is planning on stopping production of smartphones at its manufacturing plant in South Korea and moving the work over to an existing one in Vietnam.
    Per Reuters:
    Citing an unidentified source, Yonhap reported that LG decided...
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