The Korea Fair Trade Commission (KFTC) said that the three South Korean teleco firms, including SK Telecom Co Ltd , KT Corp and LG Uplus Corp, had exaggerated their 5G network speeds and unfairly advertised that they were the fastest relative to their competitors.
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LG Uplus Corp., South Korea's No. 3 mobile carrier, said Tuesday its second-quarter net profit rose nearly 32 percent from a year earlier, driven by its robust wireless business. Its net income amounted to 213.3 billion won ($163.3 million) in the April-June period, up 31.7 percent from the year-ago period. Operating profit for the April-June period was 288 billion won, up 15.9 percent from a year ago, the compa.
LG Uplus Q2 Net Up 32 pct on Robust Wireless Service koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.