The two are relative newcomers in the domestic mobility services market that has been largely dominated by the nation's top mobile carrier SK Telecom and Kakao Mobility, a subsidiary of the nation's largest mobile messenger app operator Kakao.
Their move to join hands with Kakao Mobility is construed as a strategy to create new business opportunities through cooperation with one of the leading companies in the mobility services market, rather than releasing their own.
LG Uplus signed a memorandum of understanding (MOU) with Kakao Mobility to establish an autonomous driving environment and develop fifth-generation (5G) network-based services in the traffic-related field.
Toward that end, the two companies plan to set up a joint task force this month at the earliest.
The two firms will also work to create distinguished services utilizing LG Uplus' 5G network and Kakao Mobility's Kakao T platform that offers various mobility-related services including taxi-hailing, navigation systems, parking and chauffeur services.
"Through cooperation with Kakao Mobility, a front-runner in the mobility industry, LG Uplus, which possesses distinguished 5G networks and technology, will speed up its efforts to prepare for the future market," said Choi Soon-jong who heads the corporate infrastructure business group at LG Uplus.
KT also signed a business agreement with Kakao Mobility in April to jointly push for the smart mobility businesses.
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