It’s official, LG is going to shut down it’s mobile phone business

 

So it’s official, LG’s mobile phone business is shutting down 

The Korean company said in a regulatory statement that its shutting down their mobile business and will no longer produce mobile handsets

Their business has been losing money since 2015

Their losses reached 4.4 Billion Dollars last year  

They reportedly had talks with vingroup (a Vietnam company) and Volkswagen to sell their mobile business but the talks fell through