So long, Pantech! South Korean phone maker will probably throw in the towel in the coming months

So long, Pantech! South Korean phone maker will probably throw in the towel in the coming months
Pantech, the third-largest smartphone maker in South Korea, will most certainly cease to exist next month, as nobody bought the smartphone slinger in the specified by court time period. 

As a refresher, Pantech was up for grabs after the company scored a number of disastrous financial quarters and the losses it accumulated, the growing debt (roughly $475 million according as well as the non-existent profitability forced the company to put itself on the market. Interested parties could express their desire to acquire the manufacturer until April 17.  From the looks of it, three companies had been interested in acquiring Patech, but all of them subsequently decided not to acquire the company. 

Of course, no sane investors will keep a company alive if it's only generating losses. Pantech's ones are probably no different, as they have reportedly already required the liquidation of the manufacturer. As Mobiltelefon.ru reports, this most probably means that Pantech will hang it up pretty soon. 

Speaking of Pantech, here are some of its best and worst devices over the years.

source: Mobiltelefon.ru (translated)

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14 Comments

1. Kruze

Posts: 1285; Member since: Dec 30, 2014

Damn, that's sad! They're capable of making awesome phones, it's so sad to see them go soon. They should've expanded to countries outside South Korea, relying on only one country doesn't help. Nokia should buy Pantech IMO.

3. chocowii

Posts: 478; Member since: Jan 30, 2014

Nokia should hire the engineers not the company.

13. Johnnokia

Posts: 1158; Member since: May 27, 2012

Nokia must aquire Sony mobile division. Because I see that division totally lost and can do nothing. Sony has great engineers or designers, but they have the worst management. I'm sure Nokia could revive this dying department before it become like Pantech.

4. o0Exia0o

Posts: 903; Member since: Feb 01, 2013

As for Pantech relying on only the South Korean market, they have sold phones here in the US. Problem being that they were awful and no one wanted to buy them. I once considered buying a Pantech phone, the Crux, but after doing some research on the phone and finding it had software and hardware problems I passed on it. That has been Pantech's ongoing story, decent looking products plagued by hardware/software issues.

6. vergil9

Posts: 517; Member since: Apr 06, 2015

The problem is, the ones they released in the US are the crappy models, the good ones were exclusive to south korea.

7. o0Exia0o

Posts: 903; Member since: Feb 01, 2013

And that may be. Thing is even when one is to do a search on Pantech phones here on Phonearena the best review that I've been able to find is only rated 8/10 then when you click on the customer reviews you find that they are substantially lower listing a multitude of issues with the hardware/software. It's a wonder they have lasted this long with LG and Samsung around in the same country they are based in.

8. downphoenix

Posts: 3165; Member since: Jun 19, 2010

The only Pantech phone I thought that looked noteworthy was the Duo, I think it was Windows Mobile phone, so before android lol, and it has slide out number pad and a text keypad. Similar to the Samsung Exclaim which came out sometime after.

11. o0Exia0o

Posts: 903; Member since: Feb 01, 2013

I really liked the Pantech Crux. I highly considered it over the LG EnV touch at the time. It was slim light and had a touch screen. Then I researched the phone over the internet and found a plethora of problems that it had. From the touch screen being too sensitive to not responding at all, the sound being subpar, the software slowing to the point of freezing or being unresponsive, the camera being unable to take reasonable shots. I really wanted to like the phone and give it a chance but after what I had read about it there was nothing more that I could do but avoid it. After what I have read and have seen I'm glad I did.

2. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Agree, hope Nokia fund Pantech to keep them going till 2016.

5. jroc74

Posts: 6023; Member since: Dec 30, 2010

I remember seeing their name on phones in Verizon stores years ago. Good luck to the employees on finding jobs elsewhere.

9. NexusX

Posts: 613; Member since: May 16, 2013

this is a problem for the korean economy, an economy dominated by few conglomerates backed by governments would discourage competitions. this is the reason why you'd never see a price drop in samsung, lg flagships. if they keep this up, their electronic industry would soon be surpassed by the chinese in both pricing and technological advance since they are all running same software and hardware difference is getting more and more negligible lack of patent protection in china have their benefits sometimes...

10. Spedez

Posts: 542; Member since: Aug 29, 2014

That's good. Too many Korean crap firms around.

12. fonelover

Posts: 255; Member since: Mar 19, 2015

Xperia might face the same fate.

14. ausnote4

Posts: 40; Member since: Nov 25, 2014

I am rocking their Pantech Secret Note and was hoping for the Secret Note 2 to come out soon.....NO.... Feel sad now. Oh well, competition can be a double edge sword, waiting for note 5 and sony z ultra

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