A few weeks ago, it was reported that LG was facing backlash following reports that it plans to begin selling iPhones at its stores across Korea. A new report says that it has now suspended its plan to do so.
According to the source, LG’s decision to begin selling iPhones at its physical stores has been opposed by small and medium-scale distributors who have said that LG’s large network of stores will pose a threat to their businesses. The Korean tech giant has over 400 LG Best Shops in the country.
The Korean government is also concerned about these small businesses, some of which had to close shop due to the pandemic, and is thus not in support of large retail outlets threatening the survival of smaller ones. It has also been reported that the plan has gotten Samsung worried as it believes the partnership will threaten its hold of the South Korean smartphone market.
It is not known when the talks between LG and Apple will resume or if they will at all but at the moment, LG claims it is temporary.
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Joel Explains
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