News Summary

• LG has strongly denied the report that it is shutting down its television business or selling it to Hisense.
• The original EBN report that sparked the speculation has also since been removed from the publication’s website.
• In 2021, LG shut down its smartphone business after years of losses, ending beloved phone lines like the LG Wing and V-series.
• At the time, the company said it wanted to focus on more profitable areas such as EV components, smart homes, and robotics.
• This latest report suggests LG could now be applying the strategy to its TV business.