LG Uplus Steadily Gaining Market Share as the Third Player in the Korean Telecom Market

We expect LG Uplus to continue to expand its core business through the expansion of its wireless/wireline network, specifically its 5G broadband network, and expansion into targeted noncore businesses such as its smart home and enterprise infrastructure business segments. As LG Uplus expands its wireless network, not only does it attract premium 5G subscribers directly, but also mobile virtual network operator subscribers. In addition, LG Uplus is investing in physical storefronts to drive its MVNO business. Revenue from roaming data usage is now back to prepandemic levels, due to the easing of COVID-19 restrictions in Korea.