Business

LG’s smartphone production line to be used to make home appliances

The Republic of Korea (RoK)’s tech giant LG Electronics Inc. said on April 20 that it plans to produce home appliances from its smartphone manufacturing line in Vietnam’s Hai Phong city as the company earlier decided to fully withdraw from the mobile business.
LG’s smartphone production line to be used to make home appliances ảnh 1LG Electronics Inc. plans to produce home appliances from its smartphone manufacturing line in Vietnam. (Photo: Yonhap)

Seoul (VNA) -  The Republic of Korea(RoK)’s tech giant LG Electronics Inc. said on April 20 that it plans toproduce home appliances from its smartphone manufacturing line in Vietnam’s HaiPhong city as the company earlier decided to fully withdraw from the mobilebusiness.

Under the plan, the company will complete the transformation within this yearwhile rearranging affected workers.

President of LG Electronics’ Vietnamese arm Jun Hai-jin told Yonhap thatexiting smartphone production in Vietnam is part of LG’s plan to restructureits core product portfolio.

The closing of LG’s mobile business will not significantly impact the firm’sproduction, business activities or employees in Hai Phong, he added.

LG launched the production line in Hai Phong in 2015. The plant has beenproducing home appliances, smartphones and in-vehicle infotainment components.

The Hai Phong plant employs more than 16,000 workers. LG also hinted that itwill make additional investment in the plant in the near future./.
VNA
#Republic of Korea #tech giant LG #smartphone manufacturing line #transformation #core product portfolio #Hai Phong city #Vietnam News Agency #Vietnamplus Korea (RoK)
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