LG U+ to invest ₩300 billion in new data center

Home > Business > Industry

print dictionary print

LG U+ to invest ₩300 billion in new data center

LG U+, a major Korean telecom operator, said Tuesday it will invest more than 300 billion won ($267.9 million) to build a new internet data center amid growing user demand.
 
The company said in a regulatory filing that it will invest 318.1 billion won for a new internet data center from June 1 until Dec. 31, 2023.
 
The move comes after LG U+ CEO Hwang Hyeon-sik vowed earlier this year to focus on new businesses aimed at corporate customers.
 
LG U+ currently operates four internet data centers — three in southern Seoul and one in Anyang, Gyeonggi — according to a company spokesperson.
 
For all of last year, sales from the company's internet data center business stood at 228 billion won, up 16.1 percent from the previous year.
 
Yonhap 
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now