Rising to the challenge: CEOs bet on technology, resilience for New Year

focusing on reducing costs in materials sourcing and manufacturing.” Kim Dong-myung, LG Energy Solution CEO and president “Amid growing uncertainties this year following the inauguration of Donald Trump’s

Seoul shares snap 4-day rise on profit taking

percent to 196,200 won. Telecommunication shares were also bullish, with KT soaring 3.57 percent to 46,450 won and LG Uplus advancing 2.74 percent to 11,250 won. The local currency was trading at 1,435.0

News viewership surges amid political turmoil, MBC ranks first as go-to news broadcaster

Free Ad-Supported Streaming Television (FAST), a streaming service offering free TV shows, movies, sports and news with advertisements, also experienced a surge in viewership. LG Uplus, a

Telecom carriers brace for traffic surge ahead of impeachment vote

. The top three telecom carriers -- SK Telecom, KT Corp. and LG Uplus -- are taking measures to prevent service malfunctions, including increasing network capacity in areas where large crowds are expected

Network failures occur amid impeachment rallies in Seoul

traffic capacity in advance to handle the surge in network usage in key areas in Seoul. KT and LG Uplus also ramped up their network systems ahead of time, deploying mobile base stations in addition to

LG chooses stability in leadership reshuffle amid uncertainties

-myung and consumer goods unit LG H&H CEO Lee Jung-ae kept their posts. LG Uplus, the telecom unit, was the only LG company to have a new CEO, Hong Bum-shik, head of corporate strategy at LG Corp., the

LG Uplus taps IT strategist as new CEO

LG Uplus, one of the nation's top three telecom carriers, announced Thursday that it has appointed Hong Bum-shik, head of corporate strategy at LG Corp., LG Group’s holding unit, as its new CEO. Hong

LG Uplus eyes W3tr investment in AI by 2028

LG Uplus CEO Hwang Hyeon-sik said Thursday the company would invest up to 3 trillion won ($2.15 billion) in the telecom carrier's artificial intelligence business over the next four years. The

Mobile carriers raise severance pay to slim down workforce

. SK Telecom, the country's largest wireless carrier, reported it has a total of 5,741 employees including 310 contract workers in its half-year report, while LG Uplus reported 10,695 workers including

Seoul Design 2024 set to demonstrate impact of AI on design

to the foundation, 14 companies, including LG Uplus and SM Entertainment, will present some of its cutting-edge design projects as well as interactive-friendly designs. Notably, designers from Detroit