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LG Electronics Inc. may shutter its mobile communication business rather than sell it, DongA Ilbo
reports, citing an unidentified person in the electronics industry.
Negotiations with Germanys Volkswagen AG and Vietnams Vingroup JSC on possible sale of the smartphone business seemed to have failed, according to the report.
LG Electronics 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.
LG may share its decision on the business fate with employees as soon as early April, the DongA report said.
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