LG to Exit Phone Industry after Unprofitable Sales

LG Phone

Losses in the mobile phone business have driven the South Korean electronics company LG to quit the production of phones and instead focus more on profitable items including electric vehicle components, robotics and artificial intelligence.

Following approval from the company’s board, LG on Monday announced the changes and expects to fully exit the phone industry by July.

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Missing Seoul Mayor’s Body Found After Massive Search

The missing mayor of South Korea’s capital, reportedly embroiled in sexual harassment allegations, was found dead early Friday, more than half a day after giving his daughter a will-like message and then leaving home, police said.

Police said they located Park Won-soon’s body near a traditional restaurant in wooded hills in northern Seoul, more than seven hours after they launched a massive search for him.

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