SEOUL, May 8 (Korea Bizwire) — LG Uplus Corp., a major South Korean mobile carrier, plans to introduce an autonomous driving overnight shuttle bus that will run between Baegot New Town, an under-construction planned community in Siheung, Gyeonggi Province and Oido Station on Subway Line No. 4. The company announced Thursday that it will team [...]
SEOUL, April 12 (Korea Bizwire) — LG Uplus Corp., a major South Korean mobile carrier, said Sunday it has joined hands with a Japanese telecommunication firm and a Taiwanese drone maker to develop smart drone solutions. Under a memorandum of understanding with Japan’s KDDI Corp. and Taiwan’s Coretronic Intelligent Robotics Corp. (CIRC), LG Uplus will [...]
SEOUL, March 22 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Sunday it will supply 5G virtual reality (VR) content to Hong Kong’s largest telecommunication firm. LG Uplus’ VR content will be also available on Hong Kong Telecommunications (HKT) Ltd.’s 5G service starting next month, the company said. This is [...]
SEOUL, Feb. 27 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecommunication firm, said Thursday it has signed a partnership with leading companies in the augmented reality (AR) sector to provide better services with its 5G network. LG Uplus said it has joined hands with AR software startup Spatial Systems Inc., mobile AR [...]
SEOUL, Feb. 7 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its net profit fell 8.9 percent last year from a year earlier as it ramped up spending on its 5G network and marketing. In a regulatory filing, LG Uplus reported a net income of 438.8 billion won (US$369.2 [...]
SEOUL, Dec. 21 (Korea Bizwire) — LG Uplus Corp., a major telecommunications company in South Korea, said Friday it has signed a deal to sell its payment gateway business to local fintech firm Viva Republica Ltd. Under the agreement, LG Uplus will first spin off its payment gateway business and sell its entire stake in [...]
SEOUL, Dec. 15 (Korea Bizwire) – The merger between South Korean mobile carrier LG Uplus Corp. and cable and budget phone operator CJ Hello Co. received final approval from the government Sunday in a development that could lead to more investment and growth in the local telecom and broadcasting sector. The conditional permission follows a [...]
SEOUL, Nov. 21 (Korea Bizwire) — One of South Korea’s major mobile carriers has created an eco-friendly playground using plastic from old cell phones. LG Uplus Corp. has created an eco-friendly playground at a park in Gangseo District, Seoul, by materializing plastic from old cell phones and small electronic appliances collected for about five months. [...]
SEOUL, Nov. 21 (Korea Bizwire) — LG Uplus Corp. said Thursday it has signed an exclusive deal with mixed reality display developer Nreal to launch augmented reality (AR) glasses in South Korea in early 2020. The Korean telecom operator unveiled Nreal Light AR glasses by the Beijing-based startup to show off its AR applications on [...]
SEOUL, Nov. 1 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its net profit dropped 32.1 percent in the third quarter from a year earlier due to increased spending for 5G infrastructure buildup and marketing. Net profit stood at 104.5 billion won (US$89.5 million) in the July-September period, compared [...]