Say it ain’t so: LG will reportedly shutter its smartphone business next week
After failing to sell its smartphone business, the company is considering shutting the unit down. According to a report fromThe Korea Times, LG will announce this move on April 5, during its board meeting. In January, multiple rumors ofLG selling its smartphone divisioncame to the surface after the company’s leaked internal memo to staffers indicated this step. A report published fromThe Korea Timesat that time indicated that VinGroup, a Vietnamese conglomerate, was already in talks with the tech giant to strike a deal....