LG Electronics to close down it’s smartphone production after losing billions of dollars in the last six years

South Korea‚Äôs second-largest appliance firm, LG Electronics, has announced it will be closing down its mobile phone business, after losing billions of dollars in recent years. The company announced Monday, April 5 that the phone production unit has recorded losses for 23 consecutive quarters since 2015, with the cumulative deficit reaching about 5 trillion won… Continue reading LG Electronics to close down it’s smartphone production after losing billions of dollars in the last six years