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

LG Uplus

23/05/2019 02:36

SEOUL, May 23 (Reuters) - ** Shares of LG Uplus Corp
 032640.KS  fall more than 5% on media report that said the U.S.
government is lobbying South Korea not to use Huawei
Technologies Co Ltd  HWT.UL  products, amid a wider push by
Washington to get its allies to reject the Chinese tech firm's
goods  urn:newsml:reuters.com:*:nL4N22Y4XX
    ** 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  urn:newsml:reuters.com:*:nL3N21L3R2
    ** 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  urn:newsml:reuters.com:*:nL5N22W1UR
    ** The broader KOSPI market  .KS11  was trading down 0.9% as
of 0124GMT  
    

 (Reporting by Heekyong Yang)
 ((Heekyong.Yang@thomsonreuters.com; +82 2 3704 5647; Reuters
Messaging: heekyong.yang.thomsonreuters.com@reuters.net))