MANILA, Philippines (UPDATED) – LG has responded to a January 26 report by Filipino tech news site Revu that said its mobile arm in the Philippines is shutting down.
The statement, coming from LG mobile’s main headquarters in South Korea, said that “rumors that LG will be withdrawing its mobile business is not true.”
It added it was "working on improving its business structure to enhance the overall business efficiency of LG’s mobile business.”
The full statement sent to Rappler is as follows:
“LG Electronics is working on improving its business structure to enhance the overall business efficiency of LG’s mobile business. However, rumors that LG will be withdrawing its mobile business is not true. This is a part of our long-term strategy to improve business competitiveness and expand presence in the future global market. LG will continue to strive to provide better products and services to its consumers and build consumer trust.”
Prior to the statement, Alora Guerrero, Revu’s editor, cited an unnamed LG executive who confirmed the shuttering of its mobile business in the country. In addition, Revu’s source also said that, in light of the supposed shuttering, warranties will still be honored, but the site noted that the chances of seeing LG phones here without going through the grey market has gone down significantly.
LG has been looking to stave off losses in its mobile sector – it handed the reigns of the mobile communications division to its head of home entertainment, Brian Kwon, back in November. – Rappler.com