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Technology

LG Electronics to end loss-making smartphone business

South Korea group faced lack of in-house chip supply and rise of Chinese rivals

South Korea's LG Electronics is throwing in the towel on its loss-making smartphone business.   © Reuters

SEOUL -- LG Electronics said Monday that its board decided to terminate the company's loss-making smartphone business, with analysts saying focus is now expected to shift to the more profitable home appliance and TV divisions.

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