LG U+

LG U+

http://www.lguplus.com
https://www.linkedin.com/company/lg-uplus/

LG Uplus Corp. (LGU, LG UPLUS), a publicly owned South Korean telecommunications company founded in 1996, provides mobile network services. Headquartered in South Korea, the company employs approximately 1850 people and reported revenues exceeding $1 billion in 2024. It is a subsidiary of LG Corporation and was previously known as LG Telecom.

2024 Revenue

Founded

1996

Headcount

1,845

Headquarters

South Korea

Primary Segment

Telecoms

Ownership

Publicly Owned

News Summary:

LG Uplus reported KRW 3.75 trillion in operating revenue, KRW 2.94 trillion in service revenue, and KRW 255.4 billion in operating profit for the first quarter of 2025. Compared to the same period in 2024, operating revenue increased by 4.8%, service revenue by 1.6%, and operating profit by 15.6%. This growth resulted from increased fixed and mobile subscribers, expansion of the AI-driven B2B infrastructure business, and cost efficiencies from restructuring. On May 8, 2025, LG Uplus announced a 24.6% year-on-year increase in first-quarter net income, driven by strong performance in wireless and B2B segments. Following the suspension of new subscriptions by SK Telecom on May 5, 2025, LG Uplus reported a four to fivefold increase in store visits in Seoul. On May 6, 2025, LG Uplus announced a partnership with Ericsson to validate Cloud RAN technologies and expand collaboration.

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LG U+ offers 6 products in the telecoms tech, connectivity and cloud and media and telecoms services industries. LG U+'s product portfolio comprises of enterprise and telecoms software, telecoms, pay TV services, enterprise connectivity services and broadcast television and radio.

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LG U+'s revenues were $10.7B in 2024. Caretta Research has split LG U+'s revenue into 8 different product categories, the largest of which is enterprise broadband and voice, which represents 34% of LG U+'s revenue.

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May

12th

2025

18:30

Financial Results,

Telecom companies eye AI as new growth engine

By Lee Gyu-lee Telecom giants KT, SK Telecom and LG Uplus are sharpening their focus on artificial intelligence (AI) as the next big catalyst for growth, with all posting first-quarter earnings from doubling down on AI-centered digital transformation (AX) strategies to redefine their future business.

The Korea Times

May

12th

2025

01:31

Artificial Intelligence,

LG chair urges group-wide synergy for AI data center

사진 확대 Chairman Koo Kwang-mo LG Group Chairman Koo Kwang-mo emphasized the need for concentrated and coordinated efforts among affiliates in the group’s artificial intelligence (AI) data center project during a visit to LG Uplus Corp.’s data center.According to business sources on Sunday, Koo recently toured LG Uplus’ Pyeongchon Mega Center, its internet data center in the greater Seoul area, where he inspected power supply systems, cooling systems, battery rooms, and data rooms.

May

12th

2025

01:06

Artificial Intelligence,

LG chair urges group-wide synergy for AI data center

사진 확대 Chairman Koo Kwang-mo LG Group Chairman Koo Kwang-mo emphasized the need for concentrated and coordinated efforts among affiliates in the group’s artificial intelligence (AI) data center project during a visit to LG Uplus Corp.’s data center.According to business sources on Sunday, Koo recently toured LG Uplus’ Pyeongchon Mega Center, its internet data center in the greater Seoul area, where he inspected power supply systems, cooling systems, battery rooms, and data rooms.

May

8th

2025

10:40

Financial Results, Artificial Intelligence,

LG Uplus reports KRW 3.75 trillion revenue for Q1

LG Uplus posted an operating revenue of KRW 3.75 trillion, service revenue of KRW 2.94 trillion, and an operating profit of KRW 255.4 billion for the first quarter of 2025. Operating revenue rose 4.8% year-on-year, service revenue increased 1.6% and operating profit climbed 15.6%. The growth was attributed to an increase in both fixed and mobile subscribers, the expansion of its AI-driven B2B infrastructure business and cost efficiencies achieved through the restructuring of less profitable business areas.

May

8th

2025

05:14

Financial Results,

(LEAD) LG Uplus Q1 net income up 24.6 pct on solid growth in wireless, B2B biz

(ATTN: ADDS details throughout, new photo; RECASTS headline) SEOUL, May 8 (Yonhap) -- LG Uplus Corp. said Thursday its first-quarter net income rose 24.6 percent from a year earlier on solid performance in its wireless and business-to-business (B2B) segments.

May

6th

2025

18:30

Operational Challenges,

KT and LG Uplus see surge in store traffic as SK Telecom halts new subscriptions

“The number of customers visiting the store has increased by 4 to 5 times compared to usual.” On the afternoon of the 6th, an employee at an LG Uplus store in Seongdong-gu, Seoul said that since the recruitment for new subscriptions (including number transfers) by SK Telecom was suspended on the 5th, the number of people visiting the store has increased.

May

6th

2025

05:49

Partnerships and Alliances,

LG Uplus Collaborates with Ericsson to Validate Next-Gen Cloud RAN Technology

LG Uplus announced on May 6th that it has partnered with global telecom equipment provider Ericsson to jointly validate critical technologies for the next-generation network architecture known as 'Cloud RAN' and to broaden their collaboration in the field.

May

5th

2025

18:30

Partnerships and Alliances,

LG Uplus and Ericsson verify next-gen Cloud RAN technology for future networks

On the 6th, LG Uplus announced that it would verify key technologies of the next-generation network structure known as Cloud RAN architecture in collaboration with the global telecommunications equipment manufacturer Ericsson and strengthen related research cooperation.

Apr

30th

2025

18:30

Partnerships and Alliances,

LG Uplus Enhances After-School Care with AIoT in Gyeonggi Province

LG Uplus announced on the 1st that it has decided to strengthen its cooperation with the educational community Urinuri Social Cooperative to resolve the after-school 'care waiting' problem for elementary school students in northern Gyeonggi Province.

Apr

30th

2025

07:16

Awards and Recognitions,

LG Uplus Earns Top Honors for Climate Leadership in 2024 CDP Korea Awards

On April 30, LG Uplus announced that it has been recognized as a top company for climate change response at the '2024 CDP Korea Awards,' organized by the global environmental assessment agency CDP (Carbon Disclosure Project).

Apr

29th

2025

18:30

Partnerships and Alliances,

SK Telecom, KT, and LG U+ collaborate to address SIM card shortage crisis

KT and LG Uplus are working together to resolve the shortage of SIM card (USIM) stock related to the SK Telecom hacking incident. According to the industry on the 30th, the Ministry of Science and ICT has proposed cooperation among the three mobile carriers and is in discussions to support SIM manufacturers in prioritizing the production of SK Telecom's stock.

Apr

28th

2025

18:30

Capital Investment, Divestiture,

LG Uplus invests 615.6 billion won to build AI data center in Paju

LG Uplus announced on the 29th that it will invest 615.6 billion won to build a super-large artificial intelligence data center (AIDC) in Paju, Gyeonggi Province. The data center, which aims to be completed by 2027, will be built on a gigantic scale capable of accommodating more than 100,000 servers.

Examples of LG U+'s suppliers include Sumavision Technologies, Quber and Google.

Example Suppliers

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LG U+ currently holds broadcasting rights for sports competitions including baseball.

Example Sports Rights Suppliers

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