KT, LG Uplus invest in SK Telecom's One Store, develop joint app store in South Korea

Wednesday 3 March 2021 | 06:37 CET | News
South Korean operators KT and LG Uplus have invested a total of KRW 26 billion in SK Telecom's subsidiary One Store to acquire a 3.8 percent stake in the company. KT acquired a 3.1 percent stake for KRW 21 billion, while LG Uplus invested KRW 5 billion for a 0.7 percent stake in One Store.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Google / KT / LG / LG Uplus / Naver / SK Telecom
Countries: Korea, Republic of
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Microsoft, Deutsche Telekom invest in SK Telecom's One Store

Published 01 Jun 2021 07:04 CET | Europe
South Korean operator SK Telecom has announced that its mobile app store One Store has attracted investments from Microsoft and ...

Google Korea's revenue grows nearly 4% to KRW 220 bln in 2020

Published 15 Apr 2021 08:53 CET | Korea, Republic of
Google Korea's revenue grew by 3.66 percent year-on-year to KRW 220.14 billion (approximately USD 178.65 million) in 2020, Yonhap ...

Naver invests USD 150 mln in Indonesian media company Emtek

Published 07 Apr 2021 08:27 CET | Korea, Republic of
South Korean internet portal operator Naver has made an investment of USD 150 million in Indonesian media giant Emtek to expand ...

LG to develop cross-platform AI-powered services with KT

Published 06 Apr 2021 08:24 CET | Korea, Republic of
LG Electronics plans to develop cross-platform artificial intelligence (AI)-powered services with South Korean operator KT, ...

South Korean regulator to refer Apple Korea to prosecution for hindering investigation

Published 31 Mar 2021 08:20 CET | Korea, Republic of
South Korea's corporate watchdog Korea Fair Trade Commission (KFTC) has decided to refer the local unit of US tech giant Apple ...

SK Telecom's revenue grows 5% in 2020 on 15% increase in New ICT business

Published 03 Feb 2021 08:36 CET | Korea, Republic of
South Korean operator SK Telecom posted revenue of KRW 18.625 trillion for the twelve months of 2020, which represents an ...

SK Telecom launches V Coloring video ringback tone service

Published 24 Sep 2020 08:27 CET | Korea, Republic of
South Korean operator SK Telecom has released a video ringback tone service dubbed 'V Coloring'. The subscription-based service ...

SK Telecom plans IPOs for five affiliates

Published 10 Feb 2020 10:37 CET | Korea, Republic of
South Korean operator SK Telecom has announced plans to list its five affiliates ADP Caps, SK Broadband, One Store, 11 Street and ...

SK, KT, Uplus, Naver launch unified mobile app store

Published 02 Jun 2016 08:29 CET | Korea, Republic of
Korean mobile operators SK Telecom, KT and LG Uplus, in partnership with domestic ISP Naver, have launched a unified app store. ...

South Korean operators launch unified mobile app store

Published 03 Jun 2015 12:43 CET | Korea, Republic of
South Korean mobile operators KT, SK Planet and LG Uplus have launched a unified app store dubbed 'One Store' for their ...