South Korean multinational electronics company LG recently confirmed that it will be exiting the smartphone business.
The company's existing phones will remain on sale, and it will continue to support its products "for a period of time which will vary by region." According to The Verge, LG said in a statement that this decision will "enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services." The company has yet not said anything about the possible layoffs due to this decision, except that "details related to employment will be determined at the local level." LG said that it expects to complete the smartphone business' closure by the end of July this year.
Following the division's huge losses over the past five years, this move had been rumoured for several months now.
Once considered a rival to fellow South Korean manufacturer Samsung, LG's recent high-end smartphones struggled to compete, while its more affordable handsets faced stiff competition from its Chinese rivals.
LG had previously said it hoped to make its smartphone division profitable in 2021.
North Korea has fired an unidentified ballistic missile into the sea off South Korea's east coast, Seoul's military said on Monday, the latest in an apparent volley of tests by Pyongyang this year. "North Korea has fired an unidentified missile into the East Sea," South Korea's Joint Chiefs of Staff said, referring to the body of water also known as the Sea of Japan.
#NorthKorea #BallisticMissile #EastCoast #JapanAlert #SecurityConcern #MilitaryTension #GlobalSecurity #RegionalStability #MissileThreat #InternationalRelations
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South Korea’s Opposition , Dominates Parliamentary Elections.
South Korea's Democratic Party won
"175 seats in the 300-member single-chamber parliament" on April 10, NPR reports.
The ruling right-wing People Power Party became a smaller minority with only 108 seats. .
The outcome is considered to be a blow to conservative President Yoon Suk Yeol.
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
I apologize to the people on behalf
of our party, which wasn’t good
enough to win the people’s choices, Han Dong-hoon, People Power Party leader, via statement.
While Yoon said that he intends to
"humbly uphold" the will of the people
as indicated by the election results, .
it is not known if he will accept his
staff's offers to resign. .
Lee Jae-myung, the Democratic Party leader who
is considering running for president again, .
said there is a need for both parties to
"pull together" to "resolve economic
and public livelihood problems.".
The results of the parliamentary
elections are not the victory by
the Democratic Party, but the
great victory by our people, Lee Jae-myung, the Democratic Party leader.
Now, the elections are over. Both
the ruling and opposition political
parties must pull together all their
strength to resolve economic and
public livelihood problems, Lee Jae-myung, the Democratic Party leader.
According to the National Election Commission, voter turnout reached its
highest level in over three decades for
a parliamentary election, NPR reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
The outcome of Wednesday's elections in South Korea dealt President Yoon Suk Yeol a severe political blow, probably delaying his domestic program and putting him in the path of an increasingly aggressive political campaign from his liberal opponents for the remainder of his three-year term in office.
#SouthKorea #SouthKoreaElections #YoonSukYeol #HanDongHoon #HanDuckSoo #SouthKoreanews #Philippines #Worldnews #Oneindia #Oneindianews
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In a chilling declaration, North Korean leader Kim Jong Un asserts the need for heightened preparedness for war amidst escalating tensions. Learn more about North Korea's military developments and its alliances with Russia in this comprehensive update.
#KimJong #KimJongUn #NorthKorea #SouthKorea #NorthKoreavsSouthKorea #KoreanPenisula #NorthKoreaUSRelations #Oneindia
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