https://wccftech.com/lg-is-considering-leaving-the-smartphone-business-this-year/

LG has started to consider exiting the smartphone market this year; the company has already faced a loss of around $4.5 billion over the past five years. For some time now, LG's smartphone business has been struggling, especially when competing with the rivals. LG CEO Kwon Bong-seok has issued a notice to the employees telling them that the company is considering making big changes to the smartphone business.

According to a report from The Korea Herald, the CEO sent out an internal memo to staff on Wednesday, and the memo hinted at the change in direction for LG's smartphone business. This is an excerpt from the memo.