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Royole Flexpai, the world’s first commercially available foldable smartphone, is facing a financial crisis. Around 50 employees of the company staged protest demonstrations due to non-payment of wages since November 2022. The employees are demanding resolution and prompt payment of their arrears. The company claims significant losses and is only able to pay social security deposits. Despite seeking help from the government and investors, the company’s situation has not improved. Royole Flexpai, known for its flexible display technology, was a competitor to Samsung Display’s monopoly.
