[Asia Economy Reporter Kwon Jae-hee] LG HelloVision announced on the 12th that it has decided to transfer all assets related to the electric vehicle charging business, including tangible and intangible assets, to LG Uplus for 3.7 billion KRW.
The company explained the purpose of the transfer as "a business portfolio restructuring for selection and concentration," stating that "LG Uplus will focus on the electric vehicle charging platform, while LG HelloVision will concentrate on regional sales and installation."
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