LG to Expand Retail Stores

LG Electronics Inc. is expanding the number of its retail stores in emerging markets as it seeks to increase market share in smartphones and gain a stronger global presence in consumer electronics.

Executive Vice President Kim Ki-wan said in a recent interview the company plans to increase the number of overseas retail stores this year from more than 3,000 currently and open new stores in India, the Middle East and Africa. The number of LG brand shops will likely grow by as much as 20 percent this year, the company said, and they will display and sell the South Korean company’s products ranging from smartphones to televisions to home appliances.

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