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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  LG Uplus Corp    032640   KR7032640005

LG UPLUS CORP

(032640)
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LG Uplus : Google ties up with LG Uplus on VR content

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01/12/2019 | 12:33pm EDT

LAS VEGAS: In line with its drive to make virtual reality (VR) content more accessible to people around the world, Google has entered into a partnership with South Korean mobile carrier LG Uplus Corp.LG Uplus on Friday said that it would set up a fund with Google to invest in VR content, Yonhap news agency reported.

The agreement, made during the annual Consumer Electronics Show (CES) held here from January 8-11, is aimed at investing in the development of VR content during the first half of the year, LG Uplus said. The content will be viewed through LG Uplus platforms and Google-owned global video streaming service YouTube.

LG Uplus will be responsible for the planning and production of the VR content and commercialisation rights in South Korea, while Google will acquire global distribution rights through YouTube, company officials said.

Over the past few years, Google has taken several initiatives to make VR content more popular on YouTube. To make it easier and less expensive to create in VR, the tech giant introduced the VR180 format.

Google partnered with YouTube and immersive media company VR Scout to launch a global series of VR180 training academies - known as VR Creator Lab. It launched the first "VR Creator Lab" in Los Angeles in June 2018 and soon brought to Europe.

(c) 2019, Express Network Pvt Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (KRW)
Sales 2019 12 436 B
EBIT 2019 770 B
Net income 2019 537 B
Debt 2019 2 444 B
Yield 2019 2,85%
P/E ratio 2019 12,12
P/E ratio 2020 10,76
EV / Sales 2019 0,71x
EV / Sales 2020 0,67x
Capitalization 6 396 B
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 18 863  KRW
Spread / Average Target 29%
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Managers
NameTitle
Hyun-He Ha President, CEO & Non-Executive Director
Young-Soo Kwon Chief Operating Officer
Hyeok-Joo Lee Chief Financial Officer, Director & Vice President
Sang-Soo Park Outside Director
Myeong-Ho Seonwoo Outside Director
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