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LG to apply mobile tech to EV parts despite smartphone exit plan

Pandemic-driven demand for home appliances and TVs lift Q4 earnings

SEOUL -- LG Electronics on Friday said it would apply its mobile device technology to its home appliance and electric vehicle parts operations despite its plan to exit the smartphone market.

South Korea's second-largest electronics company said it was studying how to preserve its mobile technology, as it is key to further developing smart home appliances and auto parts. LG reiterated that the company was considering all options for its loss-making smartphone business, after CEO Brian Kwon sent an internal memo to its employees last week saying the time had come to make a decision about the unit's future.

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