SEOUL - South Korea’s LG Electronics said on Wednesday it was considering all options for its loss-making mobile division, which analysts said could include shutting its smartphone business or selling off parts of the unit.
“LG Electronics believes we have reached the point where we need to make the best decision about our mobile phone business, considering current and future competitiveness.” Analysts said that if LG decides to wind down the mobile phone business, it may increase its market capitalisation by an estimated 4 trillion won, as more than five years of cumulative losses and misallocation of resources had weighed on valuation.
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