LG smartphones to get OS updates for 3 years after company closure

LG Electronics will offer software upgrades for three years to its premium smartphone users and for up to two years to owners of its budget handsets.

Users of LG Velvet and LG Wing smartphones that were launched last year can get support for OS upgrades through 2023.

LG said it would post on its website devices that are eligible for its extended OS update, although its support plan could vary by market depending on Google's Android OS release schedule and product specs.

The company also promised utmost after-sales services globally even after the closure of its mobile business. In South Korea, LG would support smartphone repairs for at least four years from their manufacturing date.

LG's mobile business unit, which endured years of money-losing performance, will cease operations after July 31.

But LG will produce smartphones until the end of May to meet its existing supply orders.

LG would also retain its mobile payment and digital wallet service, LG Pay, for at least three years.

LG was the world's ninth-largest smartphone brand by production volume last year with a market share of 2.4 percent.