Korea’s third-largest mobile carrier, LG Uplus has announced plans to expand its Internet of Things (IoT) business portfolio into industrial sectors by forming a partnership with the largest mobile operator in the US, Verizon. LG Uplus aims to tap Verizon's expertise in industrial IoT and big data management solutions, especially for the business-to-business (B2B) sector.
According to the Korea Times, the partnership will aim to share LG Uplus’ generalist IoT expertise in exchange for Verizon’s skills in the business-to-business sector.
“Our first meeting with Verizon was as satisfying as we had expected, even if no specific progress has been made about how we will extend our home IoT presence into the North American market,” said LG Uplus CEO Kwon Young-soo.
Recently, LG Uplus has opened the country's first store dedicated to home IoT and internet television services in Incheon. The Operator which has been aggressively pushing its home IoT service business globally has launched Korea's first smart humidifier that works based on IoT technology.
LG Uplus is leading the domestic home IoT service market in the country with about 460,000 subscriptions.