SEOUL, Aug.11 (Korea Bizwire) – In a stark contrast to SK Telecom’s sharp decline, KT and LG U+ posted strong financial results for Q2 2025, despite the ongoing challenges in the telecom sector. SK Telecom’s operating profit dropped by 37.1% year-on-year, falling to 338.3 billion won, largely due to the aftermath of a major hacking [...]
SEOUL, Mar. 14 (Korea Bizwire) – In the latest assessment of telecom operators’ efforts to protect users, LG U+ and SK Telecom have set a high standard by receiving the highest rating of “Outstanding.” In contrast, Apple’s App Store and Meta have struggled to improve, maintaining the lowest rating of “Poor” for another year. The evaluation, [...]
ANDOVER, Mass., April 20 (Korea Bizwire) — Casa Systems (Nasdaq: CASA) today announced that LG U+ selected its virtualized Home eNodeB Gateway solution to help the South Korean operator modernize its network infrastructure and unlock new services and revenue streams as part of its broader network and service strategy. Casa Systems worked with distribution partner, [...]
SEOUL, May 31 (Korea Bizwire) – A select group of taxi drivers in Seoul are getting a taste of a new advanced driver assistance system (ADAS) as part of the Seoul Metropolitan Government’s efforts to gather data that can be used to develop an accident prevention system which could warn drivers ahead of time in the [...]
SEOUL, Oct. 28 (Korea Bizwire) – LG Electronics revealed its latest smartphone on Friday, the LG U, which will come with premium features but at an affordable price. The phone will launch on October 31, and will sell for between 300,000 won ($262) and 400,000 won exclusively at LG Uplus, a telecommunications affiliate of LG [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korean mobile carriers are likely to cut this year’s facility investment to around 2010 levels, industry watchers said Monday, casting doubt over their promises to provide better services. SK Telecom Co., KT Corp. and LG Upluc Corp. are expected to invest a combined 6 trillion won (US$4.96 billion) [...]
SEOUL, Jan. 15 (Korea Bizwire) – Taiwan-born singer Tzuyu, a member of the popular girl group TWICE under South Korea’s JYP Entertainment, promotes a Huawei smartphone in advertisements that local mobile carrier LG Uplus Corp. has posted on YouTube and other online platforms. It’s no surprise that a foreigner appears on South Korean ads as [...]
SEOUL, Jan.11 (Korea Bizwire) – The three big telecom companies in Korea are set to launch various IoT (Internet of Things) services, expanding the market. According to an industry report, nearly 60 home IoT services will be launched during the first half of this year. SK Telecom launched a new brand called Smart Home in [...]
Competition in the ‘budget phone’ market has been fierce from the start of the year, with the affordable phones rapidly gaining popularity. By the end of last year, one out of ten people was using a budget phone. (Image : Yonhap) SEOUL, Jan.6 (Korea Bizwire) – Competition in the ‘budget phone’ market has been fierce [...]
SEOUL, Jan.4 (Korea Bizwire) – Smartphones from China’s Huawei, exclusively sold in Korea by LG U+, are creating a craze after the launch of the company’s affordable Y6 model, with 10,000 devices sold in only 15 days. LG U+ announced that approximately 700 units of the Y6 are being sold every day, creating an unprecedented [...]