UPDATED. 2024-02-27 09:17 (화)
LG to close down its solar panel business 
LG to close down its solar panel business 
  • Lee Sang Won
  • 승인 2022.02.24 09:52
  • 댓글 0
이 기사를 공유합니다

From rising material and logistics costs and supply constraints
Image: LG Electronics
Image: LG Electronics

LG Electronics said on Wednesday that it was exiting its solar panel business. It will officially close down the business on June 30, after its board of directors approved the decision on Tuesday.

The company said it made a comprehensive review of the impact of increasing material and logistics costs as well as severe supply constraints before making the decision.

Solar panel production will end by the second quarter, LG said, while it will continue to offer support for US customers in the coming years which will depend on the warranty they were offered.

The decision will affect 160 employees and 60 contract workers hired by LG while 900 employees in South Korea in related business will be repositioned to other posts, the South Korean company said.

While the solar panel business is closing down, LG will continue in other energy related-businesses such as energy storage systems and home energy management by leveraging its renewable energy expertise, the company said.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr