Tuesday November 12, 2019
Home Lead Story LG Currently ...

LG Currently Considering Selling Stakes in IT Arm

Accordingly, LG needs to sell more than 35 per cent of its stakes in LG CNS to avoid the new regulations

0
//
LG
LG logo. Wikimedia Commons

South Korea’s major family-controlled conglomerate LG Group said on Tuesday it is currently considering selling stakes in its information technology (IT) arm LG CNS.

“We plan to sell LG CNS to beef up competitiveness, although nothing in detail has been decided yet,” an official from LG Group said.

The sale apparently comes in response to the Fair Trade Commission’s move to bolster regulations against intra-affiliate trades of family-controlled business groups, market watchers said.

ITIL
The Information Technology Infrastructure Library (ITIL) is designed to help businesses for establishing cost-effective practices, managing risks, strengthening customer relations, and building a stable environment for growth.

Companies at which 20 per cent or more of shares are owned by controlling families are subject to tougher regulations, Yonhap news agency reported.

Also Read- SpaceX Targets Late June for Falcon Heavy Launch: Report

The upcoming measure includes affiliates in which more than 50 per cent of shares are owned by such firms.

Accordingly, LG needs to sell more than 35 per cent of its stakes in LG CNS to avoid the new regulations. (IANS)

Next Story

LG Looking to Revive its Tablet Business with ‘G Pad 5’

The LG “G Pad 5” packs in hardware that’s inferior to the Galaxy Tab S4 2018, but is somewhat competitive with the Galaxy Tab S5e, according to XDA Developers

0
LG
LG logo. Wikimedia Commons

With what could purportedly be called the “G Pad 5”, South Korean tech major LG might be looking to revive its tablet business, two years after getting out of the game.

Not only has LG been out of the tablet game for over two years, but the Snapdragon 821 chipset just seems too old to even be available at this point of time.

However, references to the G Pad 5 and LM-T600, code named TF10, have been creeping up all over the place, GSMArena reported on Saturday.

Also Read: Traders Body Wants Government to Seek a Ban on Amazon, Flipkart’s Festival Sales

Another tablet LM-T600 has received a radio certification by National Radio Research Agency (RRA) in South Korea. It was also spotted in a recent kernel source code upload entry on the LG’s servers.

The LG “G Pad 5” packs in hardware that’s inferior to the Galaxy Tab S4 2018, but is somewhat competitive with the Galaxy Tab S5e, according to XDA Developers. (IANS)

Next Story