What you need to know
LG has reportedly suspended talks with Apple about carrying its products.
The company was planning to sell Apple s products in its Best Shop retail stores.
The stores had been empty since the company exited the mobile phone business.
LG has reportedly suspended talks about selling the iPhone at its Best Shop retail stores in South Korea.
As reported by SME Daily (via Google Translate), the company is apparently facing backlash from small businesses and public opinion in the country over the potential partnership.
According to the mobile industry on the 8th, it is known that LG Electronics has recently temporarily suspended the decision-making process for the plan to sell Apple products at Best Shop, a home appliance store.
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LG was allegedly getting things ready to sell iPhone and several other Apple products on its LG stores in Korea. Now, this did not seem like a bad idea since the company has already killed off its smartphone business to concentrate on other more profitable areas. However, it seems that LG will not be able to go on with this plan, as it could negatively impact its home country.
It seems that LG will have to wait to sell iPhone and other Apple products, well that is if they’re allowed to do so, as small and medium-sized businesses have made the South Korean Government intervene. This happened because South Korea has a policy that helps smaller retailers keep going and growing, as industry titans like LG and Samsung cannot sell competing products in their stores. In other words, LG wouldn’t be allowed to sell Apple devices in its Best Shop locations, as it could take customers away from the smaller stores, which are already having a hard time trying to deal with the impact of the o