LG mulls exit from smartphone market

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(The Korea Herald)

CEO confirms the company is preparing for change in money-losing smartphone business

LG Electronics may exit the smartphone business after losing about 5 trillion won ($4.5 billion) over the past five years. Its CEO Kwon Bong-seok on Wednesday sent out a message to staff that hinted there would be a major change in the operation of the smartphone segment. 

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