In 2015, profits decreased by 1.9% compared to the previous year, while operating revenue increased.

LG Uplus announced on the 29th that, under Korean International Financial Reporting Standards, its revenue for 2015 was 10.7952 trillion won, down 1.9% from the previous year, while its operating revenue was 8.6541 trillion won, up 3.1% from the previous year due to performance in its wired and wireless businesses.

In 2015, operating profit reached 632.3 billion won, a 9.7% increase from the previous year, and net profit recorded 351.2 billion won, a 54.2% increase from the previous year.

LG Uplus's wireless revenue in 2015 recorded 5.2978 trillion won, a 1.7% increase from the previous year, driven by increased wireless service revenue resulting from the growth of high-quality LTE subscribers. In fact, while LTE subscribers numbered 8.57 million in 2014, accounting for 75% of total subscribers, this figure reached 9.88 million in 2015, representing 83% of total subscribers.

The growth of the Wireless Business Division was driven by notable qualitative subscriber growth, including an increase in subscribers to data-centric plans and a rise in the average monthly data usage of LTE subscribers due to the widespread demand for mid-to-low-priced devices. Additionally, the launch of premium content on the nation's first LTE Video Portal and the division's leadership of the LTE market through differentiated service competitiveness across various fields, such as knowledge and culture, were contributing factors to this growth.

In 2015, wired revenue reached 3.3034 trillion won, a 4.6% increase from the previous year, driven by increased revenue from the TPS and data businesses.

TPS revenue recorded 1.4433 trillion won, an 8.3% increase year-on-year driven by factors such as increased IPTV revenue. TPS subscribers reached 10.3 million, an increase of 9.8% compared to the previous year.

Data revenue recorded 1.4457 trillion won, a 3.2% increase year-on-year, driven by increased e-Biz revenue such as electronic payments due to the expansion of the social commerce market.

The growth of the wired business division was driven by subscriber growth through the competitive edge of differentiated IPTV products, such as securing popular content for U+tv G. Additionally, it was attributed to increased customer satisfaction through leading converged home products such as Home CCTV MomCam and Giga Internet.

Marketing costs reduced by 4.7%, "Will continue to improve reasonable marketing costs"

In 2015, annual CAPEX of 1.4103 trillion won was executed through efforts to reduce investment expenditures, such as efficient network investment.

In 2015, marketing expenses recorded 1.9987 trillion won, a 4.7% decrease from the previous year as the market stabilized. LG Uplus plans to continuously improve marketing cost efficiency by focusing on the core value of providing customers with the most reasonable and innovative services.

Meanwhile, in the fourth quarter of 2015, revenue reached 2.8611 trillion won, up 6.6% from the same period of the previous year and 5.3% from the previous quarter, driven by an increase in operating revenue, and operating revenue reached 2.2189 trillion won, up 0.3% from the same period of the previous year and 2.6% from the previous quarter.

Operating profit for the fourth quarter was 113.1 billion won, down 40.7% from the same period last year and 34.3% from the previous quarter. This is the result of the disappearance of the retroactive impact of connection revenue, expenses, and commission settlements reflected in the same period of the previous year, as well as an increase in one-time labor costs compared to the previous quarter.

Net profit for the fourth quarter was 39.6 billion won, down 53.6% from the same period last year and 65.2% from the previous quarter, due to factors such as increased non-operating expenses including the disposal of obsolete CDMA (2G) assets.

"Stated that it will broaden its base through the expansion of the IoT market"

LG Uplus plans to achieve sustainable profitable growth in 2016 by generating meaningful results in core growth businesses such as IoT, video, and electronic payment through selection and concentration for growth.

IoT plans to lead the market as the top IoT provider by expanding the reach of home IoT, spreading industrial IoT, and building an IoT ecosystem.

With 200,000 household customers secured, Home IoT is expanding strategic partnerships across various sectors and building a lineup of over 30 products. In particular, it plans to introduce specialized products that can provide distinct value to customers, such as security services and energy-saving services. Home IoT plans to evolve into a platform capable of providing intelligent services, such as automatic control based on IFTTT (IF This, Then That).

The plan is to foster Industrial IoT as a growth business by creating differentiated customer value in industrial and public sectors, such as smart factories and smart buildings. Furthermore, the company intends to accelerate IoT service development in collaboration with various service developers and manufacturers, while actively working to build an IoT ecosystem together with small and medium-sized enterprises and venture companies.

LTE Video Portal has decided to strengthen differentiation through features such as easier and faster video search and personalized recommendation services utilizing big data, while simultaneously enhancing content competitiveness by expanding into areas ranging from the simultaneous broadcasting of overseas series to premium documentaries.

The enterprise market plans to expand e-Biz business opportunities through the growth of secure simple payment services such as PayNow, driven by the expansion of online transactions, and actively accommodate corporate customers with the opening of 'U+ Pyeongchon Mega Center,' Asia's largest high-efficiency IDC.

LG Uplus CFO (Vice President) Lee Hyuk-joo stated, “The IoT market is expanding into various big data-based services, and innovative changes are expected in the future, such as autonomous vehicles, robots, and sensor-based IoT platform solutions.” He added, “We will do our utmost to enhance shareholder value by proactively responding to the changed business environment and creating new customer value.”