LG Electronics Inc (066570.KS)
SEOUL LG Electronics Inc said on Thursday it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganizing production as they battle a slump in global demand.
* LG Elec to stop producing Made-in-Korea smartphones to cut costs
SEOUL, April 25 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.
SEOUL South Korea's LG Electronics plans to suspend manufacturing of its loss-making mobile phones in the country this year and shift the production to its existing plant in Vietnam, Yonhap News Agency said on Wednesday.
SEOUL, April 24 South Korea's LG Electronics plans to suspend manufacturing of its loss-making mobile phones in the country this year and shift the production to its existing plant in Vietnam, Yonhap News Agency said on Wednesday.
SEOUL LG Electronics Inc's operating profit likely fell by a smaller-than-expected 19 percent in the first quarter, even as losses in its mobile business and rising competition in the television segment pushed its revenue down to below consensus.
* Sees smaller-than-expected 19 pct drop in Q1 operating profit
SEOUL, April 5 South Korea's LG Electronics Inc said on Friday its operating profit for the three months ended March likely fell 19 percent from a year earlier, indicating a narrower drop than what analysts were expecting.
* LG Electronics (LGE) claims restitution of 64.6 million euros ($73.4 million) from Philips
BARCELONA South Korea’s LG Electronics unveiled a 5G smartphone on Sunday with a dual screen, the latest handset maker to pitch a new design feature in an effort to revive flagging sales.