China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Climate Adaptation at Home: How Irrigreen Makes Conservation Effortless 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
LG Electronics will now sell Apple’s iPhones starting next month, and the units are going to be on display at the company’s retail store outlets. This move follows after it officially withdraws from the smartphone business this month.
According to Pulse News, LG Electronics will proceed with its plans to start selling iPhones after striking a deal with smaller mobile phone retailers in South Korea. The deal was made as the retailers have been opposing the company’s decision to sell the American brand of phones.
On Wednesday, July 28, the Korea Commission for Corporate Partnership or KCCP said that Hiplaza, the operator of LG Best Shop outlets, along with the Korea Mobile Distributors Association, have inked a mutual growth deal related to LG Electronics’ proposal to offer Apple’s devices for sale in its existing stores.
Prior to the agreement, the group of local mobile phone retailers voiced out strong opposition to the company’s intent to sell iPhones at its 400 retail shops in South Korea. The mobile industry in the country explained that the move is a breach of the win-win agreement that was signed by small and major smartphone retailers in 2018.
Back then, LG was said to have pledged to only sell its own mobile phone units in its retail outlets. Now in the new agreement, The Korea Herald reported that the KCCP confirmed Hi-plaza agreed to carry iPhones but only in less than half of the 400 LG Best Shop outlets. In the future, if LG Elec wants to expand its sales through the addition of more stores to sell the Apple devices, the company will have to consult with the small retailers again.
“Under the new agreement, we will make efforts to promote sound growth of the local mobile device market and enhance customer satisfaction,” Hi-plaza CEO Kim Jong Yong said.
Finally, LG Electronics also vowed to develop and work on different mutual growth programs to help bolster the competitiveness of small and mid-sized businesses. The company will begin training employees for selling iPhones, and once this is completed, the official sale will start around mid-August.
