LG is not giving up its mobile division just yet
Just a few days after reports of LG Philippines closing their mobile division in the country, LG’s headquarters in South Korea has denied the report from Revu. In a statement sent to Rappler, LG said that they weren’t closing down their mobile arm, and instead, are “working on improving its business structure to enhance the overall business efficiency of LG’s mobile business.”
In addition, it elaborated that fixing the business structure of their mobile division is part of their long-term strategy to be competitive in the business market.
It doesn’t look that way on the ground though, as the last phone that LG released in the Philippines was the G7 ThinQ. The company’s V40 ThinQ did not make it to the Philippines. In addition, Gizguide reports that some of LG’s kiosks have already closed and that many dealers are no longer carrying their phones. Additionally, their Facebook page’s last update was Christmas Day last year.
Here’s the full statement:
LG Electronics is working on improving its business structure to enhance the overall business efficiency of LG’s mobile business. However, rumors that LG will be withdrawing its mobile business is not true. This is a part of our long-term strategy to improve business competitiveness and expand presence in the future global market. LG will continue to strive to provide better products and services to its consumers and build consumer trust.