According to Korean media reports, LG Electronics will exit the mobile phone business in 2021, which will be announced next Monday at the earliest.

LG, once a popular brand in the mobile phone market in South Korea, has recently fallen into the crisis of closing its mobile phone business. As early as January this year, it was rumored that LG is seriously considering withdrawing from the mobile phone market, but has not been confirmed.

Recent foreign media sources said that LG will announce next Monday (5 April) at the earliest, that it will exit the mobile phone market. At the same time, it will explain the original staff restructuring plan under the mobile phone business sector.