LG U+
Current logo in 2016
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Native name
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Korean: LG유플러스 |
|---|---|
| Public | |
| Traded as | KRX: 032640 |
| Industry | Telecommunications |
| Predecessor | LG Telecom |
| Founded | July 11, 1996 |
| Headquarters | Jung-gu, Seoul, South Korea |
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Area served
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South Korea |
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Key people
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Lee Sang Chul CEO |
| Products |
Mobile telephony, Wireless broadband services |
| Revenue | KRW 7.8 trillion (2013) |
| KRW 542.1 billion (2013) | |
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Number of employees
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4,987 (As of October 31, 2009) |
| Parent | LG Corporation |
| Subsidiaries | AIN Teleservice CS Leader |
| Website | LG U+< |
LG Uplus Corp. (Korean: LG유플러스; stylized as LG U+, KRX: 032640) is a South Korean cellular carrier owned by LG Corporation, Korea's fourth largest conglomerate and parent company of the LG Electronics. It was formerly known as LG Telecom.
The carrier adopted its current name after the July 2010 merger with another two LG telecommunication subsidiaries, Dacom and Powercom. LG U+ offers a variety of mobile services. BankOn is one of the most popular Mobile banking services in South Korea and MusicOn is a music e-store.
After decision of Korea Telecom, the state-owned phone company to sell its cellular business to private investors in 1994, the South Korean government opened the telecommunications sector up to competition. LG entered the wireless communications market in 1996 by acquiring a CDMA license in June and founded a new carrier named LG Telecom, which built a nationwide digital cellular network. In October 1997, PCS cellular service was launched.
In March 1998, in an effort to make itself stand out from the bigger, more established players in the market, LG Telecom launched the world's first commercial cdmaOne data service using PCS technology.
To better position itself to compete in the bundled services market LG Telecom acquired LG Dacom, a fixed-line communications networks and Internet-related service provider and LG Powercom, one of Korea's largest ISPs. On July 1, 2010, LG Telecom switched to its current name, "LG U+."
As of 2012 LG Uplus customers can receive the services on any of radio frequency band assigned, one or more of radio interfaces.
Source: Slowtime
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