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Press Release

[Corporate] Press Release

LG TO CLOSE MOBILE PHONE BUSINESS WORLDWIDE

4/5/2021

 

 

LG TO CLOSE MOBILE PHONE BUSINESS WORLDWIDE
 
Stepping Away from Phone Manufacturing and Sales Enables Company
to Focus on Growth Sectors Including EVs, IoT and B2B Solutions

 

SEOUL, South Korea, April 5, 2021 — LG Electronics Inc. announced that it is closing its mobile business unit. The decision was approved by its board of directors earlier today.

 

LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.

 

LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level.

 

Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas. Core technologies developed during the two decades of LG’s mobile business operations will also be retained and applied to existing and future products.

 

The wind down of the mobile phone business is expected to be completed by July 31, although inventory of some existing models may still be available after that.

 

# # #

 

About LG Electronics Inc.

LG Electronics Inc. is a global innovator in technology and manufacturing with operations in 140 locations and a workforce of over 70,000 around the world. With 2020 global sales of more than $56 billion, LG is composed of five companies – Home Appliance & Air Solutions, Home Entertainment, Mobile Communications, Vehicle Component Solutions and Business Solutions. LG is a world-leading producer of TVs, refrigerators, air conditioners, washing machines and mobile devices, including premium LG SIGNATURE and LG ThinQ products featuring artificial intelligence. For the latest LG news, go to www.LGnewsroom.com.

 

 

Media Contacts:

 

LG Electronics Inc.                                                     

 

Ken Hong                                                                      Léa Lee

+82 2 3777 3626                                                          +82 2 3777 3981

ken.hong@lge.com                                                      lea.lee@lge.com

www.LGnewsroom.com                                             

 

LG Electronics USA

 

John I. Taylor                                                                        Clay Sutton

+1 201 816 2166                                                                  +1 347 789 2619

john.taylor@lge.com                                                           Clay.Sutton@lg-one.com

www.LG.com

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^Purchase an eligible TV and sound bar bundle package in a single transaction on LG.com and receive instant additional savings of up to $200 off the pre-tax sale price of the combined purchase of the TV and sound bar. Savings will be reflected in the cart when all offer requirements are met. If any of the qualifying items are removed from the cart, returned or part of the order is cancelled, the promotional savings will be void. TV and sound bar purchase must be in the same order. Amount of savings depend on the qualifying sound bar model purchased with the qualifying TVs. Prices and offers are non-redeemable for cash and non-transferable. May be combined with Sound bar and Rear Speaker bundle. Availability, prices and terms of offer are subject to change without notice. Qualifying TVs: OLED88ZXPUA, OLED77ZXPUA, OLED65WXPUA, OLED77GXPUA, OLED65GXPUA, OLED55GXPUA, OLED77CXPUA, OLED65CXPUA, OLED55CXPUA, OLED65BXPUA, OLED55BXPUA, 75NANO99UNA, 65NANO99UNA, 86NANO90UNA, 75NANO90UNA, 65NANO90UNA, 55NANO90UNA, 75NANO85UNA, 65NANO85UNA, 55NANO85UNA, 65NANO81UNA, 55NANO81UNA, 75NANO80UNA. Qualifying sound bar models: SN11RG and SN10YG ($200 off), SN9YG ($150 off), SN8YG ($100 off), SN6Y ($50 off). Quantities are limited. While supplies last.

^Purchase an eligible Sound Bar and Rear Speaker in a single transaction on LG.com and receive instant additional savings of $50 off the pre-tax sale price of the combined purchase of the sound bar and rear speaker. Savings will be reflected in the cart when all offer requirements are met. If any of the qualifying items are removed from the cart, returned or part of the order is cancelled, the promotional savings will be void. TV and sound bar purchase must be in the same order. Amount of savings depend on the qualifying sound bar model purchased with the qualifying TVs. Prices and offers are non-redeemable for cash and non-transferable. May be combined with TV and sound bar bundle. Availability, prices and terms of offer are subject to change without notice. Qualifying sound bars: SN10YG, SN9YG, SN8YG, SN6Y, SN5Y. Qualifying rear speaker model: SPK8-S. Quantities are limited. While supplies last.

1Free shipping not available for parts and accessories. Free shipping to qualifying US destinations in the contiguous United States; not available for P.O. Boxes, addresses outside the contiguous 48 states, international addresses, Army Post Office (APO), Diplomatic Post Office (DPO) and Fleet Post Office (FPO).



Prices, promotions and availability may vary by store and online. Prices subject to change without notice. Quantities are limited. Check with your local retailers for their final price and availability.

Because life waits for no one, at LG USA we create consumer electronics, appliances and mobile devices that are designed to help you connect with those who matter most. Whether that means cooking a nutritious, delicious meal for your family, staying connected on-the-go, sharing your favorite photos, watching a movie with your kids or creating a clean, comfortable place to celebrate the moments that matter, we'll be there for you every step of the way. 

Designed with you in mind, LG products offer innovative solutions to make life good. With intuitive, responsive controls, sleek, stylish designs, and eco-friendly features, our collection gives you the power to do more at home and on the go. It includes:

Mobile: To help you stay connected your way, our mobile devices feature powerful smartphones and slim tablets that fit seamlessly into your life. And whether you want to download the latest apps, shop online, text, track your fitness or just surf the web, they make it easy to do it all on-the-go.

TV/Audio/Video: If you can't get enough of your favorite sports, the latest movies, love 3D entertainment -- or just want to listen to your favorite music in stunning clarity -- our newest electronics can help you experience it all in a whole new way. Another plus? Now, you can get a one-year Disney+ subscription with participating OLED TV model purchases, or a 6-month subscription with participating NanoCell TVs.

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Computer Products: Life happens in an analog environment -- and on a digital plane. And our newest computer products can help you experience the best of both worlds. Designed to give you crystal-clear images, deep blacks and rich colors, plus the speed and storage you need to work and play, safeguard memories and protect important documents, they can help you make the most of life in every way.

From the very first note, our collection will transform your living room into a stunning home theater Explore our complete collection of LG electronics, mobile devices, appliances and home entertainment solutions -- and find everything you need to connect with your friends and family, no matter where they are.