[Opinion] Cold-headed restructuring

The Korea Times

Lean Left

Mixed Factuality

Corporation: Dongwha Enterprise

Cold-headed restructuring

LG Electronics has begun the process of shedding its smartphone business unit, which has accumulated aggregated losses of 5 trillion won ($4.52 billion). “We have reached a moment to make the best decision concerning our mobile business by coolly weighing its present and future competitiveness,” CEO Brian Kwon said in an email sent to employees. The management is reportedly examining various restructuring options such as selling it off, downsizi…