Pantech

Troubled smartphone maker Pantech is reported to have shut its handset division to focus on other activities including IoT.

LG Electronics apparently played-down reports it intends to acquire ailing handset maker Pantech, once a strong competitor in the South Korean mobile market.

Ailing South Korean handset maker Pantech could be within days of being wound-up, having failed to find any new backers, The Korea Times reported.

Ailing South Korean device maker Pantech is reported to have filed for bankruptcy protection in the US, as it undergoes a restructure at home – with hopes that it may be acquired.

Huawei is reported to have made its debut in the South Korean device market, with its X3 available from this week.

Troubled South Korean device maker Pantech is reportedly mulling a move into the machine-to-machine market, as it also put itself up for sale.

It appears that efforts to keep ailing South Korean handset maker Pantech afloat have failed, with reports in the local press that the company has now filed for court receivership.