{"id":2439,"date":"2021-01-21T05:33:38","date_gmt":"2021-01-21T05:33:38","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1334884"},"modified":"2021-01-21T05:33:38","modified_gmt":"2021-01-21T05:33:38","slug":"lg-reportedly-wants-to-sell-its-phone-business-to-a-vietnamese-manufacturer","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=2439","title":{"rendered":"LG reportedly wants to sell its phone business to a Vietnamese manufacturer"},"content":{"rendered":"\n<p>LG might exit the smartphone business and it\u2019s already in talks with potential suitors to buy its unit. After yesterday\u2019s reports of <a href=\"https:\/\/www.koreatimes.co.kr\/www\/tech\/2021\/01\/133_302786.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">LG\u2018s internal memo informing staffers of this step<\/a>, Korean dailies are reporting today that the company might sell the smartphone segment to <a href=\"http:\/\/www.businesskorea.co.kr\/news\/articleView.html?idxno=58880\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">a Vietnamese&nbsp;conglomerate, VinGroup<\/a>.<\/p>\n<p>According to <a href=\"http:\/\/www.businesskorea.co.kr\/news\/articleView.html?idxno=58880\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Business Korea<\/a>, VinGroup has the most attractive offer on the table for the Korean tech giant\u2019s phone business. The Vietnamese group already produces LG\u2018s phones as an Original Design Manufacturer (ODM). It\u2019s the <span>third-largest<\/span>&nbsp;phone maker in Vietnam after Samsung and Oppo.<\/p>\n<p>As <a href=\"https:\/\/www.koreatimes.co.kr\/www\/tech\/2021\/01\/133_302786.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Korea Times<\/a> reported yesterday, continuous losses are one of the prime reasons why LG wants to offload its mobile unit \u2014 it has suffered a slump for 23 quarters straight. The company has expended over $4.2 billion in that period in operating losses.<\/p>\n<p>LG has been a longstanding Android device maker, and it has given us some memorable hits including the Nexus 5 and its G series of phones. Lately, the firm has been exploring <a href=\"https:\/\/indianexpress.com\/article\/technology\/mobile-tabs\/evolution-of-lg-phone-designs-over-the-years-6571820\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">more unique designs,<\/a>&nbsp;such as the LG Wing and the upcoming <a href=\"https:\/\/thenextweb.com\/plugged\/2021\/01\/12\/lg-will-release-its-shape-shifting-rollable-phone-this-year\/\">LG Rollable.<\/a> <span>While we marvel at these limited edition phones, the sad reality is that they haven\u2019t helped float LG\u2019s business for a while now.<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1333871 size-featured_img lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/01\/Snag_8c9fb1-796x416.png\" alt width=\"796\" height=\"416\" sizes=\"(max-width: 796px) 100vw, 796px\" data-lazy=\"true\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/01\/Snag_8c9fb1-796x416.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/01\/Snag_8c9fb1-280x146.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/01\/Snag_8c9fb1-517x270.png 517w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/01\/Snag_8c9fb1-258x135.png 258w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/01\/Snag_8c9fb1-1592x832.png 1592w\"><figcaption><a href=\"https:\/\/thenextweb.com\/plugged\/2021\/01\/21\/lg-reportedly-wants-to-sell-its-phone-business-to-a-vietnamese-manufacturer\/#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fthenextweb.com%2Fplugged%2F2021%2F01%2F21%2Flg-reportedly-wants-to-sell-its-phone-business-to-a-vietnamese-manufacturer%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: LG Rollable phone\" data-title=\"Share LG Rollable phone on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share LG Rollable phone on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>LG Rollable phone<\/figcaption><\/figure>\n<p>Even if the Korean tech giant withdraws from the business, devices under that label might not go away. We will possibly see a couple of models every year \u2014 just like other fallen smartphone brands such as <a href=\"https:\/\/thenextweb.com\/plugged\/2021\/01\/14\/htc-is-apparently-still-making-phones-announces-the-desire-21-pro-5g\/\">HTC<\/a> and <a href=\"https:\/\/thenextweb.com\/plugged\/2020\/02\/03\/blackberry-phones-are-dead-again\/\">Blackberry<\/a>.<\/p>\n<p><i>Did you know we have a newsletter all about consumer tech? It\u2019s called Plugged In \u2013 <a href=\"https:\/\/mailchi.mp\/thenextweb\/newsletter\">and you can subscribe to it right here<\/a>. <\/i><\/p>\n<p class=\"c-post-pubDate\"> Published January 21, 2021 \u2014 05:33 UTC <\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/plugged\/2021\/01\/21\/lg-reportedly-wants-to-sell-its-phone-business-to-a-vietnamese-manufacturer\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LG might exit the smartphone business and it\u2019s already in talks with potential suitors to buy its unit. After yesterday\u2019s reports of LG\u2018s internal memo informing staffers of this step, Korean dailies&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/2439"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2439"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/2439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/2440"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}