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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

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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)

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South Korean Conglomerate LG Announces 3 Smartphones for Indian Market

LG W30 Pro features a 6.21-inch HD+ display with a 19:9 aspect ratio. The phone runs Android 9 Pie and is powered by the octa-core Snapdragon 632 SoC, paired with 4GB of RAM. There is also 64GB of onboard storage that is expandable via microSD card

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LG
LG logo. Wikimedia Commons

South Korean conglomerate LG on Wednesday announced three smartphones in its “W-series” — the LG W30, the LG W30 Pro and the LG W10 — for the Indian market.

The LG W10 comes with a price tag of Rs 8,999, LG W30 is priced at Rs 9,999 while LG W30 Pro would arrive soon in India.

“Today is a significant day for us at LG as we add three new smartphones to our product portfolio that are made in India. LG has always believed in bringing customized innovations that offers need-based propositions”, Ki Wan Kim, Managing Director, LG Electronics India said in a statement.

The LG W30 features a 6.26-inch HD+ display while W10 is equipped with a 6.19-inch HD+ display.

Both the smartphones are powered by the MediaTek Helio P22 processor along with 3GB of RAM and 32GB of internal storage.

LG
LG unveiled V40 ThinQ with 5 cameras few months back. Flickr

The W30 is equipped with a triple-camera setup. The phone comes with a combination of a 12MP primary low light sensor, 13MP wide-angle lens and a 2MP depth sensor. For the front, there is a 16MP selfie shooter.

The LG W10 is equipped with a dual-camera setup with a combination 13MP primary lens and a 5MP secondary shooter. For the front, it houses an 8MP selfie shooter.

Both the smartphones run on Android 9.0 Pie and both of them are equipped with a 4,000mAh battery.

Also Read: Google Maps to Alert Indians if Cab Drivers Deviate From Route

LG W30 Pro features a 6.21-inch HD+ display with a 19:9 aspect ratio. The phone runs Android 9 Pie and is powered by the octa-core Snapdragon 632 SoC, paired with 4GB of RAM. There is also 64GB of onboard storage that is expandable via microSD card.

The phone has a triple rear camera setup that comprises a 13MP primary sensor, 5MP secondary sensor, and an 8MP tertiary sensor. There is also a 16MP selfie camera at the front. (IANS)