The LG mobile phone business continues to be a loss, the boss of the TV gives up

KOMPAS.com – LG's mobile business has collapsed after seven quarters of consecutive losses. LG has also changed its leadership strategy to improve the fate of its mobile phone business.

The mobile business will be delegated to Brian Kwon, who previously ran LG's entertainment business, including television, as of December 1. The entertainment sector is the sector that has contributed the most to LG.

"Kwon has been instrumental in transforming LG's television, audio and PC activities into a leader category." His knowledge and experience market "Global is an instrument to continue to change LG's mobile operations," LG said in its announcement.

Under the leadership of Jeong-hwan, LG has successfully improved the quality of its operations and the development of its products.

LG did not mention the losses suffered by the mobile business, but was reported KompasTekno of Tech Crunch, Thursday (29.11.2018), In this year alone, LG has suffered losses of up to US $ 410 million (about Rs. 5,800 billion), including the loss of $ 130.5 million recorded in the last quarter (around $ 1 billion). 800 billion rupees).

Also read: LG Patents 3 Names of Flip-Panel Phones

In contrast, the Kwon-led entertainment business actually made a profit with total sales of US $ 3.31 billion (about 47,500 billion rupees) and a profit of US $ 289.9 million (approximately Rs. 4 trillion).

Kwon, called by LG's problem-solving expert, will combine his new role in the mobile phone sector with his current role as president of LG's Home Entertainment.

While Hwang Jeong-hwan will be transferred to the head of the Convergence Development Division.

LG has also reviewed its highest ranks. CEO Jo Seong-jin will focus more on strategy and planning for the future, while President and CFO David Jung will badume several day-to-day responsibilities.