The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    INTERVIEWTati Gabrielle, actress of Korean, African-American descent, feels proud of her heritage

  • 3

    China expresses 'strong dissatisfaction' over US shooting down balloon

  • 5

    US shoots down suspected Chinese spy balloon with a single missile

  • 7

    Decoding success factors of NewJeans: How is it different?

  • 9

    9 fishermen, including 2 Vietnamese, missing in boat incident

  • 11

    VIDEOFilipina K-pop idol and K-drama actress react to stereotypes about the Philippines

  • 13

    Search under way for 9 missing after fishing boat capsizes

  • 15

    Conflict reignites over relocation of POSCO Holdings to Pohang

  • 17

    Dangerously cold temperatures envelop Northeast

  • 19

    Hyundai Motor's technology helps team become WTCR double champion

  • 2

    2-year work experience prerequisite lifted for foreign shipyard welders

  • 4

    Families of Itaewon victims on collision course with Seoul City

  • 6

    President Yoon at odds with politician who helped him win election

  • 8

    'Hype Boy' by NewJeans reaches 200 mil. Spotify streams

  • 10

    LG publishes Korea's first group-level net zero report

  • 12

    Reclusive fashion icon Martin Margiela makes comeback as artist with eerie wonderland of human bodies

  • 14

    More than 2,000 foreign workers to be hired at Korean shipyards this month

  • 16

    FSC approves security token transactions in Korea

  • 18

    Japan PM Kishida fires aide over same-sex couple outburst

  • 20

    Brazil scuttles warship in Atlantic despite pollution concerns

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
Tue, February 7, 2023 | 00:22
Tech
LG gets boost from 5G V50 ThinQ smartphone
Posted : 2019-05-13 17:11
Updated : 2019-05-13 18:41
Baek Byung-yeul
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
LG Electronics' V50 ThinQ smartphone / Courtesy of LG Electronics
LG Electronics' V50 ThinQ smartphone / Courtesy of LG Electronics

By Baek Byung-yeul

LG Electronics has seen signs of a rebound in its struggling smartphone business as the firm's first fifth-generation (5G) network supporting smartphone V50 ThinQ has been received well here.

Local mobile carriers said Monday more than 100,000 people purchased the V50 ThinQ over the weekend and the device's first week sales volume already surpassed that of its predecessor, the V40 ThinQ.

"It is estimated that the sales volume of the V50 ThinQ smartphone was three times more than the V40 ThinQ in its first week of sales," an official from a mobile carrier said. LG was scheduled to launch the V50 ThinQ on April 19 but changed the release date to May 10 to make sure the device worked well on the 5G network.

Thanks to the popularity, the number of people who have subscribed to the 5G service surpassed the 400,000 mark. Korea launched the 5G mobile network on April 3.

For LG, this could be a positive sign of rebound in the struggling smartphone business as the phone maker has not been doing well, losing its share in its major markets ― Korea and the United States.

According to data by industry tracker Canalys, it sold 4.8 million smartphones in North America in the first three months of 2019, a 24 percent decrease year-on-year. The firm's market share in Korea in 2018 also declined to 14.3 percent, according to Strategy Analytics data, a 3.1 percent point decrease year-on-year.

"Though we cannot unveil the sales volume of the new device, The V50 ThinQ has been receiving a good market response," an LG spokesman said.

LG has been pinning high hopes on the 5G-enabled smartphone. To improve its market share, it has been providing aggressive promotion deals offering a dual screen worth 219,000 won ($185) for free until the end of June.

The growing popularity of the V50 Thinq also stems from a high subsidy rate. Though the device is officially priced at 1.19 million won, mobile carriers have offered subsidies worth between 500,000 won and 700,000 won to allow more consumers to subscribe to 5G services.


Emailbaekby@koreatimes.co.kr Article ListMore articles by this reporter
 
Top 10 Stories
1[VIDEO] Filipina K-pop idol and K-drama actress react to stereotypes about the Philippines VIDEOFilipina K-pop idol and K-drama actress react to stereotypes about the Philippines
2US literary agent reflects on personal journey to discover Korea in new book US literary agent reflects on personal journey to discover Korea in new book
3[ANALYSIS] New order prevails in global battery industry ANALYSISNew order prevails in global battery industry
4[INTERVIEW] Saudi Arabia seeks greater cooperation with Korea in NEOMINTERVIEWSaudi Arabia seeks greater cooperation with Korea in NEOM
5[Video] How Koreans' favorite convenience store foods are made in factories VideoHow Koreans' favorite convenience store foods are made in factories
6Why Galaxy Book3 draws more attention than S23 smartphones Why Galaxy Book3 draws more attention than S23 smartphones
7Debate heats up over chemical castration of more sex offenders Debate heats up over chemical castration of more sex offenders
8Renowned American economist to discuss China issues at Seoul webinar Renowned American economist to discuss China issues at Seoul webinar
9Opposition party's attempt to enact Korean version of IRA triggers concernsOpposition party's attempt to enact Korean version of IRA triggers concerns
10Argentina hopes to strengthen nuclear cooperation with KoreaArgentina hopes to strengthen nuclear cooperation with Korea
Top 5 Entertainment News
1[INTERVIEW] Tati Gabrielle, actress of Korean, African-American descent, feels proud of her heritage INTERVIEWTati Gabrielle, actress of Korean, African-American descent, feels proud of her heritage
2TXT, Le Sserafim top Oricon album and singles chart TXT, Le Sserafim top Oricon album and singles chart
3Decoding success factors of NewJeans: How is it different? Decoding success factors of NewJeans: How is it different?
4Reclusive fashion icon Martin Margiela makes comeback as artist with eerie wonderland of human bodies Reclusive fashion icon Martin Margiela makes comeback as artist with eerie wonderland of human bodies
5The Boyz member Hyunjae apologizes for wearing hat with Rising Sun flag design The Boyz member Hyunjae apologizes for wearing hat with Rising Sun flag design
DARKROOM
  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

  • World Cup 2022 France vs Morocco

    World Cup 2022 France vs Morocco

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group