LG looking for partners to bolster its mobile phone business

According to a Reuters report, LG is actively seeking partners to help bolster its mobile phone unit, which has been struggling for the past year and a half. LG Mobile CEO Park Jong-seok said that “we’re looking into almost every alliance that the mobile industry can think of” in an interview. LG announced a renewed partnership with fashion house Prada just last month. LG’s mobile unit has lost nearly $1 billion dollars in the past 6 reporting quarters.

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