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LG Electronics says all options open for troubled mobile phone business Reuters Seoul | Updated on People walk past a company logo of LG Electronics   -  REUTERS× South Korea company’s business had generated losses for 23 consecutive quarters South Korea’s LG Electronics Incsaid on Wednesday it needed to decide what to dowith its loss-making mobile business and was considering all options. The business had generated losses for 23 consecutive quarters amounting to about 5 trillion won ($4.5 billion) amid “fierce” competition, the company said in a statement. LG Electronics shares leapt as much as 12 per cent versus the broader market KOSPI’s 0.7 per cent rise as of 0628 GMT following the statement.“The competition in the mobile business including smartphones has gotten fiercer in the global market,” LG said in the clearest sign yet that it could be considering a sale of the troubled unit.

Brian kwonKorea lg electronics incsaid onLg electronicsSouth koreaExecutive officer brian kwonLg mobileMobile phoneSmarphone businessபிரையன் க்குவொன்எல்ஜி மின்னணுவியல்தெற்கு கொரியாநிர்வாகி அதிகாரி பிரையன் க்குவொன்எல்ஜி கைபேசிகைபேசி தொலைபேசி