LG Uplus records high Q1 earnings from strong 5G and remote services demand
South Korea's third largest carrier saw its profit jump due to rising demand for remote services, much like for its compatriots.
South Korea's third largest carrier saw its profit jump due to rising demand for remote services, much like for its compatriots.
An earlier launch date and high sales of the Galaxy S21 series were what led to Q1 profit growth for Samsung, analysts said.
The South Korean company will close down its mobile operation by July 31.
The telco saw digital and media services grow, but demand for traditional services declined in 2020.
SK Telecom and LG Uplus saw their operating income jump over 20% in 2020 thanks to a growth in demand for 5G and remote services.
Country's export of semiconductors is expected to exceed $100 billion this year due to the growth of 5G and remote work.
SK Telecom has applied AWS Wavelength to its 5G mobile edge computing infrastructure.
LG is hoping that outsourcing its smartphone production and 5G will revive its mobile business. Will it work?
The South Korean telcos continue to benefit from the rise of remote services caused by the pandemic.
The technology was tested with a handset, 5G base station, and 5G core network equipment in Tokyo.