LG might exit the smartphone business and it’s already in talks with potential suitors to buy its unit. After yesterday’s reports of LG‘s internal memo informing staffers of this step, Korean dailies are reporting today that the company might sell the smartphone segment to a Vietnamese conglomerate, VinGroup. According to Business Korea, VinGroup has the most attractive offer on the table for the Korean tech giant’s phone business. The Vietnamese group already produces LG‘s phones as an Original Design Manufacturer (ODM). It’s the third-largest phone maker in Vietnam after Samsung and Oppo. As Korea Times reported yesterday, continuous losses are one of…

This story continues at The Next Web

Or just read more coverage about: LG