LG reportedly in talks to sell smartphone business to Vietnamese conglomerate

LG Electronics has been making headlines with reports that the company plans to exit the smartphone business. The latest development involves a Vietnamese conglomerate, which is reportedly in talks of buying the smartphone business from LG Electronics.

According to BusinessKorea, Vietnam’s Vingroup Co has put the most attractive offer to buy LG’s smartphone business. The company accounts for 14% of the market capitalization of listed Vietnamese companies. It has a diverse portfolio of businesses with hands in various industries including hotels, real estate, distribution, cars,...