Telecom companies are rapidly buying back shares and cancelling treasury stock.
LG U+, the last carrier to offer prefixes other than 010 on mobile phone numbers, was allowed to suspend 2G services by the Ministry of Science and ICT Tuesday, marking the end of a 25-year era.
Mobile carrier LG U+ reported a 35 percent increase on year in quarterly net profit to 200.9 billion won ($178.6 million). The number of 5G subscribers increased 129.2 percent on year during the first quarter.
LG U+ said Tuesday it will invest more than 300 billion won ($267.9 million) to build a new internet data center amid growing user demand.
BUSAN — Yard crane No. 207 in Dongwon Pusan Container Terminal looks like a massive claw machine, except that the objects it transfers are not dolls or toys, but containers weighing up to 32 tons.
A customer uses an electronic kiosk at LG U+'s first U+ Untact store in Jongno District, central Seoul on Monday.
Disgruntled 5G users launched a class action suit against major telecom operators on Monday, accusing the carriers of providing a spotty, slower-than-advertised connection for what was supposed to be the world-leading fifth generation network.
Video calls will be free over the Lunar New Year holiday, for those at least who still make such calls as mobile phone calls rather than via third-party services, such as Skype, which utilize data.
SK Telecom delivered better than expected results in 2020 as it booked gains from its investment in SK hynix.
LG U+ will shut down 2G services by the end of June, the company announced Friday.