Apple Reportedly Agrees to Deal to Sell iPhones in Korean LG Retail Stores From August

LG has agreed to sell Apple's iPhones, iPads, and Apple Watches at its "LG Best Shops" in South Korea from August, according to a report by the local Herald Economic Daily.

iphone 12 box
The Apple products will go on sale at 400 LG stores across the country. As part of the agreement between the two parties, all Macs are excluded from the sales, since LG's laptop offerings overlap with Apple computers.

The news comes after initial stumbling blocks over the proposed deal appeared to make an agreement unlikely. According to the report, LG faced stiff resistance from the National Mobile Communication Distribution Association, which viewed the proposal as a direct violation of an earlier "win-win" competition agreement to do with the sale of mobile phones.

However, a "negotiable in case of change" clause in that agreement has been cited by the regulatory bodies to argue that it is too early to judge whether LG is in violation, given its changed position in the industry.

LG Electronics recently announced its withdrawal from the smartphone business, and when it completely withdraws from the mobile business at the end of this month, retail space previously used for marketing its handsets will be vacant. Apple meanwhile saw an opportunity to increase its retail presence in Korea, and the two companies began negotiations.

Korea's Distribution Association is reportedly awaiting LG's official statement on the matter while it renegotiates the win-win agreement once it starts selling Apple's products in its stores.

Tags: LG, Korea

Top Rated Comments

jdavid_rp Avatar
16 months ago

Now we know why LG gave up the Phone business, I smell secret agreements here.
Maybe the next iPhone display will be from LG, or some other component.
Buying away the competition...
They gave up because they just weren't selling phones lol. I dont think Apple would do an agreement like that, they will choose the best component that is available for their devices. If the next iPhone has a LG display it will be because their quality comply the apple standard. Not need to risk the quality for some agreements
Score: 7 Votes (Like | Disagree)
senttoschool Avatar
16 months ago
Let's go! Apple stock to the moon. ??
Score: 4 Votes (Like | Disagree)
ian87w Avatar
16 months ago

Colour me a little bit surprised. I knew they were close, but I didn't realize they were so close that Apple would be willing to do this. I guess practicality trumps pride this time around.
Apple only has like, I think two Apple stores in S. Korea. In contrast, Singapore has 3, and Japan has 10 (to draw comparison with other developed Asian markets). So Apple definitely needs more retail presence. Imo it's a win win. LG gets some use and money out of the space they already have, Apple has access to hundreds of retail channels almost immediately. Not quite sure where pride goes in this context.
Score: 2 Votes (Like | Disagree)
ghanwani Avatar
16 months ago
Makes sense given that LG is exiting the phone business.
Score: 1 Votes (Like | Disagree)
DelayedGratificationGene Avatar
16 months ago
LG and Magna are going to manufacture the Apple Car. LG knows where it’s future revenue is so of course it will sell iPhones in its store. Nice to keep your future Partner happy.
Score: 1 Votes (Like | Disagree)
Spike1999 Avatar
16 months ago
They might as well, as LG stores have space to stock them now ?
Score: 1 Votes (Like | Disagree)

Related Stories

apple music lg tv

Apple Music App for LG Smart TVs Now Available

Wednesday November 17, 2021 2:56 am PST by
The Apple Music app for LG smart TVs is today rolling out to users, with LG now promoting the app on social media. The Apple Music app for LG smart TVs allows subscribers to stream over 90 million songs, as well as playlists, radio stations, and music videos, with no need for any external hardware such as an Apple TV. The app supports a range of core Apple Music features, such as synced...
european parliament

EU Provisionally Agrees on Law That Would Force Apple to Allow Alternative App Stores, Sideloading, and iMessage Interoperability

Friday March 25, 2022 4:46 am PDT by
European lawmakers have provisionally agreed upon a new law that would force Apple to allow user access to third-party app stores and permit the sideloading of apps on iPhones and iPads, among other sweeping changes designed to make the digital sector fairer and more competitive. The European Council and European Parliament said on Friday they had reached a political agreement on the...
lg apple tv plus trial

LG to Offer Free Three-Month Apple TV+ Trial on 2016 and Newer Smart TVs

Monday November 1, 2021 7:55 pm PDT by
LG today announced that owners of 2016 to 2021 model 4K or 8K LG Smart TVs will be eligible for a free three-month Apple TV+ trial starting November 15 in the United States and over 80 other countries and regions where Apple TV+ is available. The trial will be available through the LG Content Store and must be redeemed by February 20, 2022. The offer is limited to first-time Apple TV+...
vanarama apple car concept

Report: Apple Developing Apple Car Autopilot Function With South Korean Partner

Tuesday February 22, 2022 3:59 am PST by
Apple has developed the chip modules and packages for the autopilot functions of its rumored Apple Car with the help of an outsourced semiconductor assembly and test (OSAT) company based in South Korea, claims a new report today. Apple Car concept by Vanarama based on patents filed by Apple OSAT is a service that suppliers often provide to partners that involves semiconductor assembly,...
iphone 13 pro max display bleen

BOE's Display for 2023 iPhone Expected to Put Pressure on LG

Friday November 19, 2021 6:01 am PST by
Amid rumors about Apple's custom-designed modem for its 2023 iPhone lineup, a new report today suggested that the display panels destined for these models could put substantial pressure on LG Display's market share. According to research by UBI, seen by The Elec, BOE is converting three of its factories into facilities capable of manufacturing OLED panels for Apple. Until now, BOE has manufac...
vanarama apple car concept

Apple Suppliers Envisioning Long-Term Apple Car Supply Chain

Thursday March 3, 2022 4:43 am PST by
Apple suppliers are positioning to manufacture and assemble the company's long-rumored electric vehicle (EV), according to a report from DigiTimes. Apple Car concept render by Vanarama based on patents filed by Apple The report claims that Foxconn, the colossal manufacturer behind most iPhone models, and Luxshare Precision, the assembler behind Apple devices such as AirPods, are angling to...
lg wing

LG to Shut Down Smartphone Business

Monday April 5, 2021 12:30 am PDT by
After five grueling years of financial losses and uncertainty about the future of its mobile handsets, LG Electronics today announced its intention to shut down its smartphone division. In a press release, LG says the decision to shut down its smartphone business will allow it to focus on other sectors such as artificial intelligence, home computing, and business-to-business solutions. LG's ...
iphone 13 pro max display bleen

Apple Supplier BOE Facing iPhone Display Production Issues Due to Chip Shortages

Thursday February 17, 2022 5:22 pm PST by
Apple supplier BOE is having issues producing the OLED panels that are used in iPhones due to the ongoing global chip shortage, reports The Elec. The shortage will impact production "this month and next month," according to the site's sources. BOE gets its display driver ICs for Apple's iPhone display panels from LX Semicon, but LX Semicon's production is falling short of the target goal....

Popular Stories

ipad pro m1 feature

Gurman: Apple Event This October Remains Unlikely, No Touch ID for iPhone 15

Sunday October 2, 2022 6:41 am PDT by
Apple is developing new iPad Pro, Mac, and Apple TV models, and at least some of these products will be released in October, according to Bloomberg's Mark Gurman. However, Gurman continues to believe that Apple is unlikely to hold an event this month. In the latest edition of his Power On newsletter, Gurman said "the big iPhone 14 unveiling last month was probably it for Apple in 2022 in...
maxresdefault

Apple Responds to Video Testing Crash Detection Feature With Junkyard Vehicles

Friday September 30, 2022 9:11 am PDT by
The Wall Street Journal's Joanna Stern recently traveled to Michigan to test Apple's new crash detection feature on the iPhone 14 and Apple Watch Ultra. In response, Apple provided some additional information about how the feature works. Stern recruited Michael Barabe to crash his demolition derby car with a heavy-duty steel frame into two unoccupied vehicles parked in a junkyard — a 2003...
Hero0005

Best Apple Deals of the Week: M2 MacBook Air Hits New All-Time Low Price at $1,049, Plus Sales on AirPods Pro and More

Friday September 30, 2022 9:05 am PDT by
This week's best Apple deals focus on the AirPods Pro, AirPods Pro 2, and M2 MacBook Air, including numerous all-time low prices on these devices. You'll also find up to 50 percent off discounts on Anker and Eufy accessories on Amazon. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us...
Apple SIM Card

Apple SIM No Longer Available for Activating New Cellular Data Plans on iPads

Sunday October 2, 2022 8:04 am PDT by
As of October 1, Apple SIM is no longer available for activating new cellular data plans on supported iPad models, according to an Apple support document. Introduced in 2014, the Apple SIM was designed to allow iPad users to activate cellular data plans from multiple carriers around the world. Initially, the Apple SIM was a physical nano-SIM card, but it was embedded inside later iPad Pro...
iphone 14 pro max vs 13 max 2

Camera Comparison: iPhone 14 Pro Max vs. iPhone 13 Pro Max

Thursday September 29, 2022 7:44 am PDT by
The iPhone 14 Pro and Pro Max introduce some major improvements in camera technology, adding a 48-megapixel lens and low-light improvements across all lenses with the new Photonic Engine. We've spent the last week working on an in-depth comparison that pits the new iPhone 14 Pro Max against the prior-generation iPhone 13 Pro Max to see just how much better the iPhone 14 Pro Max can be. Subscrib ...
iOS 16 Wallpaper Spectrum Feature

Five Wallpaper Apps to Check Out for iOS 16's New Lock Screen Depth Effect

Thursday September 29, 2022 9:08 am PDT by
One of the biggest new features in iOS 16 is a completely redesigned iPhone Lock Screen. The new Lock Screen is entirely customizable, letting you change the colors and fonts, add widgets and new wallpapers, and more to make your iPhone uniquely yours. Of course, even before iOS 16, you could customize your Lock Screen with a wallpaper of your choice. iOS 16 takes the Lock Screen wallpaper...
top stories 1oct2022

Top Stories: Stage Manager Expands to Older iPad Pro Models, No October Apple Event?

Saturday October 1, 2022 6:00 am PDT by
While we had been expecting a follow-up October Apple event focused on Mac and iPad announcements, it sounds like we might not be getting another event after all. Instead, the pending updates in those product segments could be considered minor enough that they may be announced via press releases. It wasn't all bad news, however, with Apple announcing that it will be expanding an on-device...
iOS 16

Apple Preparing iOS 16.0.3 With More Bug Fixes Following iPhone 14 Launch

Monday October 3, 2022 7:53 am PDT by
iOS 16.0.2 was released last month with several bug fixes for iPhone 14 issues, excessive copy and paste permission prompts, and more. Now, evidence suggests that Apple is planning to release iOS 16.0.3 with additional bug fixes. Evidence of an upcoming iOS 16.0.3 software update has shown up in MacRumors analytics logs, which have been a reliable indicator in the past. There are several...
dynamic island alan dye

Apple Executives Talk About iPhone 14 Pro's Dynamic Island in New Interview

Sunday October 2, 2022 10:48 am PDT by
In a new interview, Apple's senior vice president of software engineering, Craig Federighi, and Apple's vice president of human interface design, Alan Dye, sat down to discuss the thinking behind the iPhone 14 Pro's Dynamic Island and how it was developed. During the interview with the Japanese magazine Axis, Federighi, who oversees the development of iOS, said Dynamic Island represents the...