LG Uplus exports 5G VR content to Hong Kong PCCW Group

[Asia Economy Reporter Joselgina] LG Uplus will export 5G VR content to PCCW Group, including Hong Kong Telecom, which is set to commercialize 5G next month.

LG Uplus and Hong Kong PCCW Group announced on the 22nd that they have signed a strategic partnership agreement to this effect. Accordingly, LG Uplus will supply 5G VR content provided by LG Uplus to Hong Kong Telecom, the No. 1 telecommunications company in Hong Kong with 4.3 million subscribers. This includes about 120 programs such as K-pop music broadcasts within U+VR currently serviced in Korea.

Hong Kong Telecom, a subsidiary of PCCW Group, is a leading telecommunications company in both wired and wireless sectors, recording annual sales of 33.3 billion Hong Kong dollars (approximately 550 billion KRW). It is a global company operating communication networks in 3,000 cities across more than 140 countries, including mainland China and beyond Hong Kong.

After PCCW CEO Janice Lee visited Korea last year, the two companies began content discussions, and recently continued consultations via video conferences due to difficulties in business trips caused by the COVID-19 pandemic. The combination of LG Uplus, which is leading the market as the world’s first to commercialize 5G, and Hong Kong Telecom, which is about to commercialize 5G next month, is expected to create service and technology synergies for both companies.

CEO Janice Lee said, “Through the partnership with LG Uplus in Hong Kong, which is on the verge of the 5G era, we will be able to provide VR entertainment content to our customers,” adding, “We plan to offer new experiences of the 5G era to customers through continuous cooperation.”

Kim Junhyung, head of LG Uplus 5G Service Group, said, “We will actively pursue partnerships with overseas telecom companies so that LG Uplus’s innovative services can be experienced in every country where 5G is established,” and added, “We will lead the immersive content field by applying VR technology in various sectors.”

This export of 5G content by LG Uplus is a consecutive achievement following the export of 5G content and solutions to China Telecom in the second half of last year. Until now, 5G communication equipment, smartphones, and network technologies have been provided to overseas telecom operators, but 5G solutions and content had not been supplied before.

Launched alongside the commercialization of 5G in April 2019, LG Uplus’s mobile immersive VR service U+VR is a next-generation streaming portal offering world-class VR content, allowing users to enjoy over 1,500 VR contents including 3D stereoscopic and 4K UHD video formats such as games, performances, comics, live sports, movies, and travel.

This content was produced with the assistance of AI translation services.