SEOUL: LG Electronics Inc said on April 25 it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganising production as they battle a slump in global demand.
The restructuring of its money-losing business comes as LG, once one of the world's top three mobile phone makers, has seen its global market share spiralling to less than 3% in the decade that smartphones came to dominate the mobile market.
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