LG even after exiting the smartphone business has assured and pledged to its already and future customers that they will still be updating their android device in the future. This is coming just days after they announced that they are exiting the smartphone business to focus on other products.
LG has promised that all premium smartphone devices that are currently in use will still receive updates to 3 different iterations of the android operating system after purchase. This means that if you are not using an LG premium device you are on your own.
The list of LG series smartphones to receive the future 3 years update includes, phones from 2019 and later which are the G series, V series, VELVET, Wing. Also some 2020 LG devices like LG Stylo and K series will receive updates for just 2 years.
Though LG has left the smartphone business they will still continue to manufacture phone that has already been released to the public till the second quarter of the year.
So you can still buy an LG smartphone but do not expect to continue to enjoy the phone after three years of use because LG will stop supporting them