LG phone stocks out of telecommunications company “Soldier insurance now, used phone compensation support”

Input 2021.04.06 15:57 | Revision 2021.04.06 16:01

LG Electronics (066570)As the company decides to close its smartphone business, it is expected that mobile carriers will aggressively take inventory with marketing and follow-up management. In the case of some popular phones, there was a leaflet stating that the factory price was cut by 99% to 1,000 won.

When looking at the industry on the 6th, it is known that the three mobile telecommunication companies are considering various plans to deal with LG Electronics smartphone inventory.

An official from a telecommunications company said, “LG Electronics did not produce a lot of flagship premium smartphones such as’Wing’ and’Velvet’, so there is not a lot of inventory to deal with. Therefore, aggressive marketing will focus mainly on non-mainstream, entry-level models.”

It is known that the three telecom companies are in discussions with LG Electronics, smartphone manufacturers, and warranty insurance companies on damage insurance and used phone price compensation programs. Even if you buy an LG Electronics smartphone now, it will provide support for parts replacement for two years, and you will be able to receive price compensation even if you replace it with another maker’s smartphone in the future.

On the previous day, LG Electronics announced that it will end production and sales of smartphones from July 31, and promised “We will continue to provide sufficient after-sales service so that customers and existing users will not experience inconvenience even after the mobile phone business is terminated.”