KT Corporation, South Korea’s No.2 mobile carrier, is said to have teamed up with about 100 domestic and foreign firms to launch an alliance for businesses focusing on the Internet of Things (IoT).
According to a report in The Korea Times, the “GiGA IoT Alliance,” in which China Mobile, Samsung Electronics, Nokia and Microsoft are key members, will help local ventures and software engineers develop business ideas into products.
The Ministry of Science, ICT and Future Planning (MSIP) have provided administrative and financial incentives for the alliance. At the GiGA IoT business cooperation center located in Pangyo, Gyeonggi Province, KT had an inauguration ceremony for ‘GIGA IoT Alliance’.
Image Credit: KT Corp.