SEOUL, May 12 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Wednesday its first-quarter net profit rose 35 percent from a year earlier on the back of growth in 5G network subscriptions. Net income for the January-March period stood at 200.9 billion won (US$178.9 million), compared with 148.8 billion won the [...]
SEOUL, May 11 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Tuesday it will invest more than 300 billion won (US$267.9 million) to build a new internet data center amid growing user demand. The company said in a regulatory filing that it will invest 318.1 billion won for a new [...]
BUSAN, May 2 (Korea Bizwire) — A towering shipyard crane nimbly moves over stacks of cargo crates at a terminal in Busan Port, South Korea’s largest seaport 453 kilometers southeast of Seoul, to snatch a container box and gently load it onto a truck. While the scene is business as usual for the bustling port [...]
SEOUL, April 19 (Korea Bizwire) — Nokia Corp., a Finnish telecom equipment giant, said Monday it has signed an agreement with South Korean mobile carrier LG Uplus Corp. to install its next-generation indoor 5G equipment here. Nokia said it will deploy its small cell AirScale Indoor systems in indoor locations across the country, including shopping [...]
SEOUL, March 28 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Sunday it signed a deal to export US$11.14 million worth of 5G solutions and content to Thailand’s top mobile carrier, Advanced Info Service (AIS). Under the deal, LG Uplus will provide AIS with augmented reality (AR) and virtual reality [...]
SEOUL, March 22 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Monday it has launched its first store that operates without the help of retail workers, joining other mobile carriers to offer services that minimize physical contact amid the coronavirus pandemic. LG Uplus’ new store in Seoul’s central ward of [...]
SEOUL, March 3 (Korea Bizwire) — Major South Korean telecom operators KT Corp. and LG Uplus Corp. said Wednesday they invested a total of 26 billion won (US$23.1 million) for a minority stake in the homegrown app market ONE store, bolstering the smaller local rival to Google’s Play store. KT has invested 21 billion won [...]
SEOUL, Feb. 3 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Wednesday it shifted to a net loss in the fourth quarter last year due to increased marketing costs of new phones. Net loss stood at 224.7 billion won (US$201.7 million) in the October-December period last year, compared with a [...]
SEOUL, Jan. 15 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Friday it will phase out its 2G services by the end of June, a move that would mark the complete termination of the country’s aging network. The carrier said it has applied to end its 2G operations with the [...]
SEOUL, Dec. 17 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, demonstrated Thursday an autonomous vehicle that can park on its own, using its high-speed 5G network. In an online video demonstration, the carrier tested the self-driving vehicle, which traveled about five minutes on roads in western Seoul and managed to [...]