LG is looking to shut down its mobile phone arm, Korean news site DongA reported over the weekend. The business would be shuttered instead of being sold off, the report said, citing an unnamed source, who said negotiations of a sale to Volkswagen and Vingroup JSC have stalled.
That follows a report in January from The Korea Herald thatdespite having just premiered its at CES 2021.
LG in February denied reports it was, the LG Rollable, but DongA reported Sunday that LG has canceled its plan to launch rollable phones in the first half of 2021. The hugely competitive , Oppo and Huawei, with on the market and .
LG is “exploring a variety of options in light of the headwinds facing our mobile business,” Michelle Leff Mermelstein, LG’s head of US Public Relations, said in an emailed statement.