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LG Uplus Offers ‘Non-Marriage’ Grant, First in Industry

LG Uplus Offers ‘Non-Marriage’ Grant, First in Industry

SEOUL, Nov. 25 (Korea Bizwire) — LG Uplus Corp., a major South Korean mobile carrier, said Thursday it will offer a “non-marriage” grant, similar to the company’s existing “marriage” grant, a first among large companies in the country. According to the company, the non-marriage grant system will take effect from the beginning of next year, [...]

LG Uplus Q3 Net Income Down 19.1 pct to 170.8 bln Won on Interest Costs

LG Uplus Q3 Net Income Down 19.1 pct to 170.8 bln Won on Interest Costs

SEOUL, Nov. 4 (Korea Bizwire) — LG Uplus Corp. on Friday reported its third-quarter net profit of 170.8 billion won (US$119.6 million), down 19.1 percent from a year earlier, due to increased interest costs. Operating income for the July-September period was 285.1 billion won, up 3 percent from a year ago, the company said in [...]

LG Uplus Unveils New AI Services

LG Uplus Unveils New AI Services

SEOUL, Oct. 25 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest wireless carrier, on Tuesday unveiled its new artificial intelligence (AI) services as part of its long-term strategy to transform itself from its traditional telecom identity into a digital platform service provider. Its AI brand, named “ixi,” offers AI-powered services for sports match predictions, [...]

LG Uplus, Hyundai Elevator Apply IoT Technology to Prevent Falls

LG Uplus, Hyundai Elevator Apply IoT Technology to Prevent Falls

SEOUL, Oct. 19 (Korea Bizwire) — LG Uplus Corp., a major wireless carrier, and Hyundai Elevator Co., South Korea’s No. 1 lift manufacturer, announced on Tuesday that they will distribute safety devices that make use of Internet of Things (IoT) technology to elevator installation workers. After signing a business agreement early this year, the two [...]

LG Electronics Makes Foray into Service Robot Market with LG Uplus

LG Electronics Makes Foray into Service Robot Market with LG Uplus

SEOUL, Sept. 23 (Korea Bizwire) — LG Electronics Inc. said Thursday that it will expand its service robot business with the LG CLOi ServeBot in collaboration with mobile carrier LG Uplus Corp. The two affiliates of LG Group agreed to cooperate in the expansion of the service robot business, exploration of new business opportunities, exploration [...]

LG Uplus to Expand Non-telecom Biz Portfolio to Up to 40 pct of Total Sales by 2027

LG Uplus to Expand Non-telecom Biz Portfolio to Up to 40 pct of Total Sales by 2027

SEOUL, Sept. 15 (Korea Bizwire) — LG Uplus Corp. aims to expand its non-telecom business portfolio to account for up to 40 percent of its total sales by 2027, as South Korea’s third-largest wireless carrier plans to transform itself into a digital platform service provider from its traditional telecom identity, its CEO said Thursday. At [...]

LG Uplus Launches Home Training Service Enabling Users to Compete with Others

LG Uplus Launches Home Training Service Enabling Users to Compete with Others

SEOUL, Sept. 8 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, has unveiled a new home training service called Cocore Gym that enables users to exercise and check biometric information through their TV at home as well as to compete with other users. The new home training service operates through a connection [...]

LG Uplus Rebrands K-pop Platform to Idol Plus with Foreign Language Support

LG Uplus Rebrands K-pop Platform to Idol Plus with Foreign Language Support

SEOUL, Aug. 24 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Wednesday it has rebranded its K-pop content platform and has newly enabled official foreign language support for foreign users. The company’s U+ Idol Live platform has been renamed as Idol Plus and its menu and subtitles now officially support English, [...]

LG Uplus, Nokia Agree to Cooperate in Key Wireless Tech R&D

LG Uplus, Nokia Agree to Cooperate in Key Wireless Tech R&D

SEOUL, July 6 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Wednesday it has reached a tentative deal with Finnish tech giant Nokia Corp. to cooperate in research and development (R&D) projects for next-generation wireless standards. According to LG Uplus, the two signed a memorandum of understanding Tuesday, calling for R&D [...]

LG Uplus Develops New Technology that Can Prevent Hacking of Intelligent CCTV

LG Uplus Develops New Technology that Can Prevent Hacking of Intelligent CCTV

SEOUL, June 24 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Thursday it had developed a new technology to prevent the hacking of intelligent CCTV systems in collaboration with Internet of Things (IoT) security specialist ICTK Holdings. Intelligent CCTV refers to an artificial intelligence (AI) service that analyzes video images [...]