[Korea.net News, Economy / Industry, December 20 2008] LG Telecom to spend 346.7 bil. won on network, new company building

LG Telecom Ltd., Korea’s smallest mobile carrier, said Thursday (Dec. 20) that it will invest 346.7 billion won ($368.9 million) in improving its communications network and constructing a new company building in Seoul next year.

The investment will be completed by the first half of 2008, the company said in a regulatory filing.

LG Telecom is the nation’s smallest mobile carrier following SK Telecom Co. and KTF Co.. It has 7.74 million customers or 17.9 percent of the nation’s 43 million mobile phone users.