LG needs to pull it together to save the South Korean business, specifically within its handset sector. LG is the fourth largest business in South Korea, but has been experiencing a downturn and hopes to increase their investment by 12%, totally a record $18.2 billion.
LG seems to be placing all its chips into the smartphone and tablet divisions, as it did see large success after releasing its LG Optimus One Android smartphone, its biggest selling handset to date. This comes as great news to LG after reporting record losses in the 3rd quarter of 2010.
Here’s what they had to say;
The focus for 2011 will be bolstering our core businesses of smartphones, tablets, TVs and large-sized displays and also supporting new growth engines such as solar cell, new types of displays and small-sized display panels for smartphones and tablets,
It’s clear that LG plans on boosting their mobile technology, and its probably safe to say they’ll stick with Android as the OS to run its mobile technology after the successful launch of the Optimus One.
[via Reuters]