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KRX:032640

11 stories mentioning KRX:032640Updated 19h ago

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Asia

LG Uplus to Invest 1.35 Trillion Won in AI Data Center Facility Expansion in South Korea

LG Uplus (KRX:032640) will invest 1.348 trillion won to build phase two of its new artificial intelligence data center facility in Paju, South Korea, according to a Thursday filing with the Korea Exchange.The telecommunications operator said the investment represents 14.88% of its equity capital and will accommodate growing customer demand.The construction of the new facility is scheduled to start on Aug. 1, with completion expected by Nov. 30, 2028.

KRX:032640
Asia

LG Uplus Declares Interim Dividend; Shares Jump 5%

LG Uplus (KRX:032640) declared an interim cash dividend of 270 won per share, according to a Thursday filing with the Korea Exchange.The dividend will be paid on Aug. 28 to shareholders as of the record date of Aug. 13.Shares of the South Korean mobile network operator rose more than 5% in recent trade.

KRX:032640
Asia

LG Uplus Launches KRW 90 Billion Treasury Stock Buyback via Trust

LG Uplus (KRX:032640) has approved a 90 billion won trust contract with KB Securities to acquire up to 6.16 million common shares, aimed at improving capital efficiency and boosting shareholder value.The buyback runs from Aug. 14, 2026, to Feb. 13, 2027, with shares priced at 14,620 won each based on the prior day's closing price, according to a bourse filing on Wednesday.The program is part of the company's broader value-enhancement plan, and the acquired shares will eventually be cancelled to benefit shareholders.Following a previous cancellation of 5.4 million treasury shares in May, the company maintains a substantial remaining acquisition limit of over 4.92 trillion won under commercial law.

KRX:032640
Asia

LG Uplus to Invest KRW1.3 Trillion in Paju AI Data Center Expansion

LG Uplus' (KRX:032640) board approved Wednesday a new facility investment worth 1.349 trillion won, according to a same-day filing.To support increased customer demand, the company plans to expand its AI data center facility in Paju, South Korea. The investment plan will run from August 2026 to November 2028.

KRX:032640
Asia

South Korean Shares Close Sharply Lower on Escalated US-Iran Military Conflict, Oil Price Jump

South Korean shares broke a three-day winning streak to close sharply lower on Friday, amid escalating tensions in the Middle East.The U.S. carried out a 13th straight night of strikes on Iran on Thursday, targeting military sites and commercial establishments, while Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. In addition, these escalations led to oil prices climbing above $100 a barrel.The Korea Composite Stock Price Index, or Kospi, decreased by 406.27 points, or 5.7%, to end at 6,690.62. The Kosdaq also fell by 42.06 points, or 5.3%, to close at 748.22.In corporate news, Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached, while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell nearly 8%, those of Hyundai Motor and HD Hyundai Electric declined 7%, while shares of HD Hyundai Heavy Industries fell nearly 3% at market close. Shares of Hanwha Aerospace added over 2%, while shares of Kakao and Naver declined 3% and 6%, respectively.In other news, KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped 3% at market close.

^KOSDAQKOSPIKRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

Market Chatter: Samsung Electronics' $400,000 Bonus Leads to Labor Protests Across South Korea

Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell over 8%, those of Hyundai Motor and HD Hyundai Electric declined over 9% and 7% respectively, while shares of HD Hyundai Heavy Industries fell more than 2% in recent trade. Shares of LG Uplus declined over 1% while those of Hanwha Aerospace added nearly 3%. Shares of Kakao and Naver declined nearly 4% and over 7%, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

Market Chatter: Major Telcos in South Korea Up IT Security Spend by 22% in 2025

The combined information security investment by three of South Korea's biggest telecom companies grew 22% year over year in 2025 to 367.5 billion won, according to a Korea Times report quoting data from the Korea Internet & Security Agency.The investments from SK Telecom (KRX:017670), KT (KRX:030200) and LG Uplus (KRX:032640), which outpaced the overall IT investment growth rate of 4%, were followed by data breaches in 2025, the Monday report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

GnCenergy Wins KRW38.2 Billion Paju Center Phase 2 Generator Contract from LG Uplus

GnCenergy (KOSDAQ:119850) secured a contract for the Paju center phase two generator from LG Uplus (KRX:032640).The contract, valued at 38.2 billion won, is valid until March 31, 2028, the South Korean emergency power generation company said in a filing with the Korea Exchange on Wednesday.Shares of GnCenergy rose nearly 9% at market close, while those of LG Uplus fell over 1%.

KOSDAQ:119850KRX:032640
Asia

LG Uplus' Net Attributable Income Jumps 7% in Q1

LG Uplus (KRX:032640) posted first-quarter net income attributable to shareholders of 176.9 billion won, up 6.8% from 165.7 billion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean mobile network operator's sales rose 1.5% year over year to 3.804 trillion won from 3.748 trillion won.

KRX:032640
Asia

LG Uplus Ties Up with US-based MongoDB to Build Integrated AI Data Platform

LG Uplus (KRX:032640) signed a memorandum of understanding with New York-based data platform company MongoDB to build an integrated AI data platform, the South Korean mobile network operator said in a Wednesday release.LG Uplus plans to expand its AI contact center data abilities across company-wide services via the agreement.LG Uplus will adopt an AI-ready unified data platform through its collaboration with MongoDB, which will give it faster access to customer data such as consultation history and conversation logs, the release said.Shares of LG Uplus fell nearly 4% at market close.

KRX:032640
Asia

LG Uplus Signs Cooperation Agreement with Japanese Firms to Advance 6G, AI Collaboration

LG Uplus (KRX:032640) signed the Tokyo Accord with carriers such as NTT Docomo, KDDI, Rakuten (TYO:4755), and SoftBank (TYO:9434) at a Tokyo summit, the South Korean mobile network operator said in a Friday release.The cooperation agreement will establish a broader cooperation framework that will cover standardization and future business models that bring together 6G and AI, the release said.Shares of LG Uplus and SoftBank rose nearly 3% and 1% at market close, while those of Rakuten Group declined about 1%.

KRX:032640TYO:4755TYO:9434

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