This is a partial quote from an EBN article.
https://www.ebn.co.kr/news/articleView.html?idxno=1710436
LG Electronics is confirmed to have discussed business restructuring plans, including the sale of the TV business within its Media Entertainment (MS) division, through contact with the management of Chinese Haier. Analysis suggests that the background for this contact was the chronic deterioration in profitability and the weakening of the structural competitiveness of the TV business due to intensifying global competition.
According to sources in the electronics industry and internal sources on the 28th, LG Electronics recently visited Beijing, China, and met with high-ranking officials of Haier, the largest local TV manufacturer, to coordinate business restructuring plans, including the possibility of selling the TV business division.
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