April 25, 2019 / 1:37 AM / 3 months ago

S.Korea's LG Electronics to shift domestic smartphone production to Vietnam

SEOUL, April 25 (Reuters) - South Korea’s LG Electronics on Thursday said it would shift domestic manufacturing of smartphones to Vietnam, to enhance production efficiency during a slump in the global phone market.

On Wednesday, Yonhap News Agency, citing an unidentified source, reported that LG planned to suspend domestic production of its money-losing handsets this year.

Reporting by Ju-min Park; Editing by Christopher Cushing

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