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 [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean mobile carrier LG Uplus Corp. said Monday it will roll out 5G roaming service in China in partnership with a state-run telecom operator, China Unicom. The preliminary service began earlier in the day for LG Uplus’ 5G customers visiting China, and the full-fledged mobile service will be [...]
SEOUL, Sept. 4 (Korea Bizwire) — A subway station in Seoul has been transformed into a gallery where visitors can enjoy various artwork through augmented reality (AR) supported by 5G networking. LG Uplus Corp. opened the U+5G Gallery at Gongdeok Station on Seoul Subway Line 6, jointly with Seoul Transportation Corp. on Tuesday. Artwork at [...]
SEOUL, Jul. 2 (Korea Bizwire) — LG Uplus Corp. said Tuesday it will release a cloud-based virtual reality (VR) gaming service later this year, taking advantage of its low-latency 5G network. The nation’s No. 3 mobile carrier said it will launch a wide range of VR games for head-mounted displays connected to its 5G network [...]
SEOUL, Jul. 2 (Korea Bizwire) – SK Telecom Co. rapidly increased the number of its 5G subscribers in May with aggressive marketing for new smartphones, regaining a leading market position in the next-generation mobile network, government data showed Tuesday. SK Telecom’s 5G users numbered 319,976 as of the end of May, gaining 5.7 percentage points [...]