South Korea's LG Electronics Inc said on Wednesday it needed to decide what to do with its loss-making mobile business and was considering all options.
The business had generated losses for 23 consecutive quarters amounting to about 5 trillion won amid"fierce" competition, the company said in a statement.LG Electronics shares leapt as much as 12per cent versus the broader market KOSPI's 0.7per cent rise as of 0628 GMT following the statement.
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LG phones not bad one .... maybe they just need a change of brand , LG quite an old brand