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Tech Developers Day designated as statutory national commemoration; 55 R&D contributors honoured

South Korea has designated Tech Developers Day as a statutory national commemoration for the first time this year to recognise the work of research and development personnel. The Ministry of Science and ICT held a ceremony in Seoul on Sept. 7 and presented awards to researchers and companies that contributed to strengthening technological competitiveness. The ministry said it granted 55 government awards, including medals, orders and presidential and prime ministerial citations, along with additional vice prime minister citations and outstanding researcher awards.

Telecommunications & Media

LG Uplus AI data centre growth and cost efficiency lift operating profit to record quarterly high

LG Uplus said it posted its highest-ever quarterly operating profit, driven by growth in its AI data centre business and cost efficiency. Second-quarter revenue fell 3.9 percent from a year earlier, while service revenue rose 2 percent and operating profit climbed 13.1 percent. The company said it is building a 200-megawatt Paju AI data centre and plans to expand AI solutions. Mobile and smart home revenue also increased.

Telecommunications & Media

LG Uplus posts record Q2 operating profit, says enterprise infrastructure drove gains

LG Uplus said it posted a record quarterly operating profit in the second quarter, helped by growth in its AI data centre business and cost efficiency. Revenue fell 3.9 percent from a year earlier, but service revenue rose 2 percent and operating profit climbed 13.1 percent. The company said enterprise infrastructure revenue increased, including AI data centre sales. Mobile and smart home revenue also rose, and it announced additional share buybacks and a higher interim dividend.