Article Content Summary Headquarters held the 26th regular general shareholders meeting
The total dividend for 2021 is 550 won per share… 22.2% from the previous year [Seoul=Newsis] Hwang Hyun-sik, CEO of LG Uplus, is holding the 26th regular general shareholders meeting at the auditorium of the Yongsan office building in Seoul on the 18th. 2022.03.18 [Seoul=Newsis] Reporter Jinyoung Lee = Hwang Hyun-sik, president of LG Uplus, will grow new this year by providing outstanding services to customers based on the vision of a digital innovation company that leads pleasant changes in customers daily life and the spirit of Why Not challenge on the 18th. said he would leave.
President Hwang held the 26th regular general shareholders meeting at the Yongsan office building in Seoul on the same day and made this announcement. Regarding the performance of last year, he said that it was a year in which customer consumption patterns changed significantly, such as an increase in self-sufficient and budget phone customers and an explosive expansion of media content due to the prolonged Corona 19. As a result, it was evaluated that the results such as a decrease in churn rate and an increase in ARPA were achieved.
In the future, the telecommunication business will continue to deliver results by spurring qualitative growth through innovation in customer experience.
President Hwang said that he would increase the number of high-value subscribers by improving data quality and enhancing the competitiveness of customer-oriented services such as bundled products and long-term customer care, while continuing to reduce the churn rate.
He also expressed his will to materialize new businesses and lead meaningful results by internalizing core technologies and strengthening organizational capabilities.
President Hwang explained that in the B2C area, U+Idol Live, and Sports will be expanded into platform businesses to build a voluntary diffusion structure for users, and growth of data, advertisement and content businesses that can create synergy with this will begin in earnest.
In the B2B area, he announced that he would increase competitiveness through differentiation of corporate infrastructure business and increase growth potential by dexterously developing businesses such as smart factories, smart mobility, and AI customer centers.
In addition, at the general shareholders meeting that day, resolutions were made on ▲ approval of business reports and financial statements ▲ appointment of new outside directors and other non-executive directors ▲ appointment of members of the audit committee ▲ approval of remuneration limits for directors.
First, it approved the financial statements for 2021 operating profit of 13,851.1 billion won, operating profit of 979 billion won, and net profit of 724.2 billion won. In addition, it was decided to pay a cash dividend of 350 won per common stock at the end of the year.
In addition, LG U+s dividend per share for 2021 totaled 550 won, including an interim dividend of 200 won, up 22.2% from the previous years 450 won. The separate dividend payout ratio is 35%.
Hyung-doo Nam, a professor at Yonsei University Law School, was appointed as an outside director, and Beom-shik Hong, head of LGs business strategy division, was newly appointed as a non-executive director. Hyuk-joo Lee, chief financial officer of LG Uplus, was re-appointed as an inside director.
Professor Nam Hyung-doo is a content and platform industry expert who has served as a director of the Korea Copyright Protection Agency, president of the Korea Entertainment Law Association, and a member of the Content Dispute Mediation Committee. Professor Nam Hyung-doo will also serve as a member of the audit committee.
Hong Beom-shik, head of LGs business strategy division, served as the CEO of Bain & Companys Asia Pacific information communication and tech division. It is expected to play a role in enhancing