LG HelloVision to Double Internet Speed for Single-Family Homes
[Asia Economy Reporter Kim Heung-soon] LG HelloVision announced on the 15th that it will provide 1 Gbps gigabit internet service to all single-family houses in every region. Subscribers living in single-family houses, who previously only had access to 500 Mbps internet, will now be able to enjoy internet speeds twice as fast, comparable to those in apartments.
LG HelloVision expanded its gigabit internet coverage to 99% in February by leasing LG Uplus's internet network and has since upgraded its infrastructure. LG HelloVision explained that this move was made considering the increased importance of a smooth home network environment due to the rise of remote work and online learning amid the COVID-19 pandemic.
They added, "Typically, single-family houses have lower profitability, so investment in gigabit infrastructure has been slower compared to apartments. We plan to continue efforts to reduce the digital divide based on region and environment and to popularize gigabit internet."
The representative product combining LG HelloVision's 1 Gbps internet and UHD broadcasting is priced in the 20,000 KRW range for a 3-year contract, which is about 10,000 KRW cheaper than other telecom companies. Customers can also receive a 20% discount when combined with mobile services from the three major mobile carriers.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Jang Sang-gyu, Executive Director of LG HelloVision's Home Business Group, said, "Providing enhanced internet services to single-family house areas within the regions is significant as it lays the foundation for cable's resurgence in the 'Ontact' (online contact) era. We will continue to cooperate with LG Uplus to improve customer satisfaction."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.