{"id":477554,"date":"2021-03-21T17:21:25","date_gmt":"2021-03-21T15:21:25","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=477554"},"modified":"2021-03-21T17:21:25","modified_gmt":"2021-03-21T15:21:25","slug":"lg-electronics-may-close-mobile-phone-business","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/477554\/lg-electronics-may-close-mobile-phone-business\/","title":{"rendered":"LG Electronics may close mobile phone business"},"content":{"rendered":"

LG Electronics Inc may shutter its mobile communication business rather than sell it, DongA Ilbo reports, citing an unidentified person in the electronics industry.<\/p>\n

Negotiations with Germany\u2019s Volkswagen AG and Vietnam\u2019s Vingroup JSC on possible sale of the smartphone business seemed to have failed, according to the report.<\/p>\n

LG Electronics\u2019 CEO said in January that all options were on the table for the loss-making operation. The company was said to have halted development last month of phones with a rollable display, and DongA said Sunday that LG has shelved a planned first-half rollout of all new smartphones.<\/p>\n

LG may share its decision on the business\u2019 fate with employees as soon as early April, the DongA report said.<\/p>\n

\n

Read: MTN announces revised strategy with R29 billion war chest<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

LG Electronics Inc may shutter its mobile communication business rather than sell it, DongA Ilbo reports, citing an unidentified person in the electronics industry.<\/p>\n","protected":false},"author":59,"featured_media":477562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,505],"class_list":["post-477554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-lg-electronics"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/477554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=477554"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/477554\/revisions"}],"predecessor-version":[{"id":477564,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/477554\/revisions\/477564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/477562"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=477554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=477554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=477554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}