LG has confirmed a memo to employees on the future of the mobile division.
The memo reportedly claimed that “all possibilities are open” for the unit.
Another outlet claimed that a Vietnamese firm is interested in LG’s North American business.
The last five years or so haven’t been kind to LG, as the firm recorded a long string of loss-making quarters and lost market-share to rival manufacturers. Now, it seems like the company is considering drastic measures.
According to
Yonhap News outlet, LG Electronics CEO Bong-Seok Kwon sent out an email to employees stating that “all possibilities are open” for the future of the smartphone business.