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Last 10,100 KRW
Change Today +100.00 / 1.00%
Volume 892.0K
032640 On Other Exchanges
Korea SE
As of 2:18 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

lg uplus corp (032640) Snapshot

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Day High
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52 Week High
09/23/14 - 13,000
52 Week Low
07/11/14 - 8,840
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for LG UPLUS CORP (032640)

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lg uplus corp (032640) Details

LG Uplus Corp. provides mobile telecommunication services to individual and corporate customers in the Republic of Korea. It provides personal services, such as mobile telecommunication, Internet phone, broadband Internet, IPTV, triple play services, cable TV transmission line services, and personal media cloud services. The company also offers local/long distance/international telephone services; telephone additional services, such as nationwide representative number, IPCC, free telephone, etc.; and VoIP services for corporate customers. In addition, it provides private circuit services, including local/international broadcasting, MVP, etc.; corporate Internet services, such as biz net, office net, PC room, etc.; and IDC services comprising collocation, hosting, CDN, etc. Further, the company offers online corporate payment gateway services; corporate customer mass message transfer and relay services; SME solutions, training solutions, etc.; and electricity/energy solution services, including electricity telecommunication, lighting control, smart meter, etc., as well as LTE routers, wireless payment readers, DTG, and M2M services, such as DTG, smart clean, etc. Additionally, it provides cell phone rental services for foreigners, students, and business men. The company was formerly known as LG Telecom, Ltd. and changed its name to LG Uplus Corp. in July 2010. LG Uplus Corp. was founded in 1996 and is based in Seoul, South Korea.

Founded in 1996

lg uplus corp (032640) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

lg uplus corp (032640) Key Developments

Samsung Electronics Co. Ltd. and LG U+ Signs MOU for Next Generation 5G Technology

Samsung Electronics Co. Ltd. announced that it will partner with LG U+ to jointly develop 5G technology, in a move that will further strengthen both companies. The agreement will also enhance Korea's global leadership in 5G research and help drive the creation of standards for the next major phase of innovation in mobile telecommunications. The memorandum of understanding (MOU) signing ceremony on June 25, which marks the formal start of the partnership, was attended by almost 100 senior staff from both companies. The event also featured an in-depth discussion of how the two companies will collaborate; as a result, both sides agreed to a shared '5G Readiness Target' for the year 2020. The collaboration will focus on three areas that are of critical strategic importance to 5G's future: 5G global spectrum identification and acquisition: Identifying and acquiring appropriate spectrum for 5G use is a key goal of the partnership, with particular emphasis on high-frequency bands, due to its relatively high availability and potentially enormous data capacity. Given the lack of industry-wide agreement on 5G spectrum, Samsung and LG U+ have identified an urgent need to drive early global standardization. Together, the companies will contribute jointly to efforts to determine the best spectrum - subject to the consensus of the International Telecommunication Union's (ITU) IMT-2020 group. Samsung Electronics and LG U+ will prepare a collaborative white paper on 5G spectrum standardization and will appear jointly at key industry events to address this issue. As part of their submission for the upcoming World Radio communication Conference, the South Korean telecommunications industry and government have proposed the following six 5G spectrum bands as suitable for global usage: 27 GHz- 29.5 GHz, 31.8 GHz - 33.4 GHz, 37 GHz - 42.5 GHz, 45.5 GHz - 50.2 GHz, 50.4 GHz - 52.6 GHz, and 64 GHz - 74 GHz. 5G technology co-development: to establish a leadership position in 5G, Samsung and LG U+ will collaborate on future research and development. For example, the companies will co-develop Full Dimension Multiple Input Multiple Output (FD-MIMO) antenna technology, in order to deliver 5G's throughput and data capacity potential. Other joint R and D areas will include network architecture design, a review of key network elements and new millimetre wave (mmWave) radio technologies - both for network infrastructure and user devices. Performance targets in this latter area include vastly improved throughput capabilities and smooth service, even at speeds of up to 500 km/h. Lastly, co-development will also focus on Software Defined Networking (SDN) and Network Function Virtualization technologies, with the aim of sharply enhancing end-to-end operational efficiency and flexibility. Advances in these areas are considered essential to drive performance and support the next generation of Internet-of-Things based devices and services. 5G technology global standardization: The partnership will focus not only on the determination of 5G spectrum, but the standardization of 5G technologies as well. To this end, Samsung Electronics and LG U+ will actively participate in several key global standardization bodies, including the ITU's IMT-2020 promotion group and the 5G Forum in Korea. These organizations are important platforms from which Samsung and LG U+ can jointly promote the adoption of 5G spectrum and technology standards. Together, the companies will actively contribute to the advancement of Korea's ICT leadership efforts. As detailed in Samsung's 5G Vision whitepaper, the advent of 5G mobile networks is expected to exponentially increase cellular data throughput capabilities while drastically reducing network latency and operational costs. However, if this potential is to be realized, it will be essential to strike industry partnerships and collaborate during the ongoing development of 5G technology. In addition to LG U+ in South Korea, Samsung has established partnerships with several operators across the world's leading LTE markets, all with the aim of accelerating the R and D of 5G technology. These include collaboration with operators in Japan, Europe, and South Korea. Samsung has also taken an active role in multiple 5G exploratory and standardization organizations, including the previously mentioned ITU's IMT-2020, the World Radio communication Conference, and the 5G Forum in South Korea - as well as the Europe-focused 5G Public Private Partnership (5G PPP).

LG Uplus Corp. to Report Q1, 2015 Results on Apr 28, 2015

LG Uplus Corp. announced that they will report Q1, 2015 results on Apr 28, 2015

LG Uplus Corp. Reports Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for 2015

LG Uplus Corp. reported earnings results for the first quarter of 2015. In the first quarter, with service-centric market operations and facilitation of fundamental business-driven performance, the company posted service revenue of KRW 2,108.3 billion, which is a 4.6% growth year-on-year and which is also 24.4% of annual guidance of KRW 8,650 billion. Despite higher number of new and upgrade subscribers, marketing spending was stable and with higher efficiencies in operating expenditure, operating income improved 36.7% year-over-year, recording KRW 154.7 billion. Driven by improvements in operating income and non-operating items as well, net income improved 206.4% year-on-year, coming in at KRW 82.2 billion. In the first quarter, quality check on the network had to precede investments in order to optimize 3band CA, carrier aggregation, driving down investment 49.6% quarter-on-quarter to KRW 238.2 billion, an implementation rate of 14% against annual guidance of KRW 1.7 trillion. Net debt inched up 5.1% quarter-on-quarter to KRW 4,699.9 billion, driven by one-off impact from payment related to spectrum use, but with improvement in with future cash flows the company expects net debt ratio to also improve. The company provided earnings guidance for the year 2015. The company believes that there will be about a -- more than KRW 500 billion reduction in CapEx and also improvement in its revenues and profits. For the year, the company expects a quite ample amount of free cash flow positive.


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