KT said new lab to help it turn into “…an ICT powerhouse”
Korean telco, KT, has announced it has joined forces with Nokia Networks to set up Korea’s first Internet of Things (IoT) lab. KT stated the lab will help it become “the number one player in Korea’s IoT market”.
The lab will provide IoT-related technical expertise and knowledge to small and medium-sized partner companies to help foster a connected digital ecosystem.
This initiative is based on a memorandum of understanding signed by both companies during MWC 2015. KT and Nokia Networks also agreed to implement the world’s first LTE-M field trial by the fourth quarter this year.
Yun Kyoung-Lim, head of future convergence business office at KT, commented that with Nokia Networks, KT is working: “…To hasten our transformation into an ICT powerhouse.”
He added: “Furthermore, this lab is a strong iteration of our vision to become the number one player in Korea’s IoT market. Our efforts are aimed at encouraging greater participation by domestic companies, which are a crucial factor in driving the change towards a creative IoT-based economy.”
The companies will create a virtual environment to enable interworking and network verification on Nokia Networks’ LTE infrastructure. The lab will also provide technical assistance to small and medium-sized Korean partner companies to help them enter global markets.
Andrew Cope, head of Korea at Nokia Networks, said: “After showcasing the world’s first LTE-M* for interconnection of sensors, we have now created Korea’s first IoT lab, a solid proof-point of our commitment to standardise LTE-M and create a strong and sustainable IoT ecosystem.”