LG is reportedly stopping flagship smartphone production in Korea

LG is reportedly stopping flagship smartphone production in Korea
The LG G8 ThinQ

LG’s smartphone business has been struggling for quite some time, but the company is still hopeful of turning a profit. At this point, a sudden uptake in smartphone sales seems unlikely so LG has recently focused on cost-cutting measures, one of which seems to be suspending smartphone production in its home country. 

As reported by the Yonhap News Agency (via Reuters), LG is planning to shift its current Korean smartphone production over to a plant in Vietnam with the objective of helping “turn around the money-losing smartphones division.”

Currently, LG’s smartphone production plan in South Korea focuses primarily on the production of flagship smartphones. It’s unclear if mid-range and low-end smartphones are also made at the plant, but the production output currently accounts for between 10% and 20% of LG’s total smartphone production.

LG still has production bases in Brazil, China, India, and Vietnam so this latest development certainly doesn’t mean it’s the end of the road for the South Korean brand. Nevertheless, the company continues to experience declining sales and could soon lose its third-place position in the US to Motorola. And as history has shown us with Sony, it’s almost impossible to achieve profitability without some sort of growth, not matter how much effort is put into cost-cutting.

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10 Comments

1. foldablephone

Posts: 58; Member since: Sep 19, 2018

LG need to take the cash they save from moving production outside of Korea and spend it on a Western Marketing Company. LGs adverts, marketing and branding are always poor.

2. User123456789

Posts: 1017; Member since: Feb 22, 2019

HTC should do the same, move production out of Taiwan. Also use paper boxes like all other. The box of U11/U12 is very fancy , not necessary ..

3. shield

Posts: 852; Member since: Sep 12, 2015

LG need new smartphone with new name and Better spec: 48MPx main camera f/1.5. OIS 16MPx Ultrawide camera f/1.6 OIS 20MPx Telescope 10x zoom f/3.0 OIS New design, no notch or punch hole, but frame 4.5mm aka new meizu 16s. Better battery 4500mAh 6.2". LG pls this smartphone is good.

6. User123456789

Posts: 1017; Member since: Feb 22, 2019

Aperture size has tons of things to consider. Not just put a very large one. Did you noticed that all devices with UWA have f2.2, f2.4 or smaller?

4. OneLove123

Posts: 1195; Member since: Aug 28, 2018

I am loving my G8. Not a bad phone for $310.

8. Rager722 unregistered

Damn $310 lmao

10. OneLove123

Posts: 1195; Member since: Aug 28, 2018

Almost as good as my free LG 40.

5. Guseinguliev

Posts: 118; Member since: Mar 04, 2019

I'm genius)) I said that a long time ago, LG Sony and HTC So long not to stretch. After Samsung, I always expected something normal from these manufacturers because only in these manufacturers could we find smartphones in the country voice committee in our snapdragon.

7. CDexterWard

Posts: 86; Member since: Feb 05, 2018

It's a shame. I remember in the flippy-phone days LG was cool did fairly well. Seems like after the G2/G3 everything started to slide into the crapper. Sad thing is they still make a decent product but not many people seem to care anymore.

9. Rager722 unregistered

Boot loop ruined their rep. Also bad camera and not listening to it's consumer. Kept making "weird" phones instead of a solid phone like Samsung or even HTC at one point.

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