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Posted : 2021-01-23 10:37
Updated : 2021-01-23 20:20
A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, Oct. 27, 2016. Reuters
LG Electronics can improve its corporate value by restructuring its money-losing mobile business and focusing on future growth engines for a post-pandemic world, analysts here said Saturday.
The company announced Wednesday that the future of its mobile communications unit was open to every possibility amid rumors that the company could sell the struggling mobile business. We think LG s announcement means they are going to either shut down or sell, or at least scale back on its mobile business, Cho Chul-hee, an analyst at Korea Investment Securities, said.