LG Seeks Rebound with New Phones After Operating Losses in Recent Years

SEOUL, March 11 (Korea Bizwire) – LG Electronics Inc., South Korea’s second-biggest electronics company, is seeking a rebound in its mobile business with the launch of new phones after posting operating losses in recent years, industry sources said Sunday. LG Electronics reported operating losses for three years through 2016 due to low demand for its smartphones in global markets where Samsung Electronics Co. and Apple Inc. are the dominant players. The tech giant posted [...]