The South Korean hardware producer, LG is shutting its misfortune making cell phone business. 

The top managerial staff affirmed the proceed onward Monday, LG Electronics said in an articulation delivered in Seoul. 

The closure of LG's cell phone area is relied upon to be finished before the finish of July. 

"LG's essential choice to leave the unimaginably serious cell phone area will empower the organization to center assets in development zones like electric vehicle segments, associated gadgets, savvy homes, advanced mechanics, and man-made reasoning. 

"It will likewise zero in on business-to-business arrangements just as stages and administrations,'' the assertion added. 

LG needs to "keep on utilizing its versatile aptitude and create portability related innovations, for example, 6G to assist further with fortifying intensity in other business zones''. 

Center innovations created during the twenty years of LG's portable business activities are to be held and applied to existing and future items, the organization said. 

LG's withdrawal from the cell phone business had been not too far off for quite a while. 

The division has shown a working misfortune for quite a long time. 

(dpa/NAN)