LG Electronics, CEO Bong-Seok Kwon on the sale of smartphones

Input 2021.01.20 15:08 | Revision 2021.01.20 15:11

LG Electronics CEO Bong-Seok Kwon (Photo) Regarding the sale of the smartphone division on the 20th, the president emphasized, “We are reviewing the direction of business operation with all possibilities open,” and “We will share it transparently and quickly with members as soon as it is decided. did.

On this day, President Kwon said that he was thinking about the direction of the business operation of the Mobile Communication (MC) Business Headquarters in a statement made via email.

In order to improve the business structure of the MC business division, LG Electronics has made great efforts in recent years, such as improving the efficiency of resource operation, adjusting global production sites, and launching innovative products in recent years. However, since the second quarter of 2015, the MC business division has maintained an operating deficit for 23 consecutive quarters, and the cumulative operating deficit reached 5 trillion won by the end of last year.

President Kwon said, “Competition in mobile business including smartphones in the global market is getting fiercer.” I’m looking at it. Currently, we are looking closely at the direction of business operation with all possibilities open.

When the direction of business operation is determined, LG Electronics plans to share it transparently and promptly with members.