LG to halt cellphone manufacturing in South Korea for 2019



LG’s newest premium cellphone, the G8 ThinQ.

Angela Lang/CNET

LG is making some literal strikes. The South Korean electronics and cellphone firm is halting cell manufacturing in South Korea for the 12 months, and focusing as a substitute on considered one of its vegetation in Vietnam, in accordance with Reuters and first reported by South Korean information outlet Yonhap Information Company.

The transfer could should do with the truth that LG’s cellphone gross sales are struggling. Although LG total is profiting, its cell division posted a $172 million loss within the second quarter of 2018. And whereas smartphone gross sales are down globally, issues are particularly troublesome for LG. Its final couple of flagship telephones did not take off, and it nonetheless should compete towards larger firms like Samsung, Huawei and Apple, too.

As reported by Reuters, the manufacturing facility in South Korea principally makes premium cellphone fashions, which would come with units just like the LG G8 ThinQ or the upcoming V50 ThinQ, and manufactures about 10% to 20% of LG’s complete smartphones. Along with South Korea and Vietnam, the corporate additionally has factories in China, Brazil and India.

LG didn’t instantly reply to a request for remark.


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