May 23, 2019 / 1:36 AM / 2 months ago

BUZZ-LG Uplus shares fall after report US lobbying S.Korea to ban Huawei

SEOUL, May 23 (Reuters) - ** Shares of LG Uplus Corp fall more than 5% on media report that said the U.S. government is lobbying South Korea not to use Huawei Technologies Co Ltd products, amid a wider push by Washington to get its allies to reject the Chinese tech firm’s goods

** Among South Korea’s three operators, SK Telecom and KT Corp do not use Huawei equipment for 5G, but smaller carrier LG Uplus uses Huawei gear

** Shares hit the lowest price in 10 months

** Several U.S. companies have moved to suspend business with Huawei, after Washington added the Chinese firm to a trade blacklist last week

** The broader KOSPI market was trading down 0.9% as of 0124GMT

Reporting by Heekyong Yang

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below