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LG Uplus Q3 Net Dips 32.1 pct on 5G Investment

LG Uplus Q3 Net Dips 32.1 pct on 5G Investment

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 [...]

SK Telecom Snatches Back Top Spot from KT in 5G Subscribers

SK Telecom Snatches Back Top Spot from KT in 5G Subscribers

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 [...]

LG Uplus Introduces Traffic Light System to Provide ‘Fast Track’ for Emergency Vehicles

LG Uplus Introduces Traffic Light System to Provide ‘Fast Track’ for Emergency Vehicles

SEOUL, May 23 (Korea Bizwire) — LG Uplus Corp., jointly with the Seoul Metropolitan Government and Easy Traffic Co., has introduced an emergency vehicle preemption (EVP) system, a priority traffic light control software that extends green lights to allow ambulances to pass without delay. The traffic light control center receives GPS data from emergency vehicles [...]

LG Uplus Partners with Nvidia for Cloud Gaming

LG Uplus Partners with Nvidia for Cloud Gaming

SEOUL, Mar. 21 (Korea Bizwire) — South Korean mobile carrier LG Uplus Corp. said Thursday it will launch Nvidia’s GeForce NOW cloud gaming platform for Internet Protocol (IP) television services and upcoming 5G smartphones. LG Uplus said it has signed an exclusive deal with Nvidia, a U.S.-based graphics processing unit (GPU) manufacturer, to give access [...]