A recent report from Korean publication The Elec announced a dramatic development in tow for next week, namely that LG would announce its exit from the smartphone market.

LG begs to differ, however. According to the company’s global communicator for consumer tech, Ken Hong, all of this is “completely false and without merit. I won’t even justify that rumor with a statement”. Which is ironic, because a statement is exactly what this seems to be.

LG isn't giving up on smartphones

Anyway, in case you were afraid that the mobile world would lose LG, rest assured, that’s not the case. The company is working on an exciting looking rollable smartphone to be launched later this year.

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