Want the lowdown on European markets? In your inbox before the open, every day.

Sign up here.

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.

    Before it’s here, it’s on the Bloomberg Terminal.

    LEARN MORE