April 23, 2019
lg to stop manufacturing smartphones in south korea
LG plans to suspend manufacturing smartphones in its South Korea plant, according to a report by Reuters. The report further states that LG will be moving the manufacturing to its plant in Vietnam.
The information original comes from an unknown source at the Yonhap News Agency and alleges that the move is to help reduce the cost of manufacturing and turn around the company’s smartphone division, which has been making losses since the past several quarters.
The information is not completely unexpected. LG has been receiving increasingly lukewarm response for its smartphone…