LG U+, a publicly owned entity headquartered in South Korea, was founded in 1996 and employs approximately 1,850 individuals. The company reported $10.9 billion in revenue as of 2025. It operates as a South Korean mobile network operator, owned by LG Corporation, and was formerly known as LG Telecom before changing to its current name on July 1, 2010. As of Q4 2023, LG U+ functions as the second-largest wireless carrier in South Korea, serving 18.411 million subscribers.

2025 Revenue

Founded

1996

Headcount

1,845

Headquarters

South Korea

Primary Segment

Telecoms

Ownership

Publicly Owned

News Summary:

South Korea's three major telecom companies, including LG U+, experienced an increase of approximately 300 billion Korean won in mobile device distribution and sales revenue during the first half of this year compared to the same period last year. Concurrently, installment receivables from mobile devices, which the three firms monetized through asset-backed securities (ABS) issuance, decreased by around 400 billion Korean won. On September 8, LG Uplus announced its entry into the prefabricated artificial intelligence (AI) data center business, beginning development of standard models. This strategy aims to shorten AI data center construction times to meet the rapidly growing demand for AI infrastructure. The company's push aligns with an industry trend where modular models can reduce typical construction timelines from two years to six months or less, enabling infrastructure to operate faster before the performance of new graphics processing units (GPUs) deteriorates. Earlier, on September 6, LG Uplus CEO Hong Beom-sik and GS Engineering & Construction CEO Huh Yoon-hong toured the Pyeongchon Mega Center, as GS Engineering & Construction committed to developing a prefabricated modular data center (PMDC) standard model incorporating modular technology to address increasing demand for AI data centers.

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LG U+ offers 6 products in the connectivity and cloud, media and telecoms services and enterprise tech industries. LG U+'s product portfolio comprises of telecoms, broadcast television and radio, enterprise connectivity services, enterprise and telecoms software and media and TV services.
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LG U+'s revenues were $10.9B in 2025. Caretta Research has split LG U+'s revenue into 8 different product categories, the largest of which is enterprise IT system integration, which represents 17% of LG U+'s revenue.
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Examples of LG U+'s suppliers include Comarch, Google and Huawei Cloud.

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

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