KT and Nokia used this week's Mobile World Congress to sign agreements covering the development of IoT networking technologies, including 5G for IoT.
The companies will together establish an IoT test lab and an LTE-Machine-to-Machine (LTE-M) test site at KT premises.
At the event, the two companies jointly demonstrated an LTE-M prototype capable of linking a large number of wearables, cars and smart grid elements.
The partners said the system ensures more than 10 years of battery life and provides four times more coverage than conventional LTE technology.
KT and Nokia have also agreed to explore potential collaborations on IoT over 5G, including standardization efforts and 5G trials during the upcoming 2018 Winter Games in PyeongChang.
“We believe that by 2025, virtually every person on the planet and more than 50 billion things such as devices and sensors will be connected,” Nokia CEO Rajeev Suri said.
“Through our collaboration with KT, we aim to provide new solutions for what we call the 'Programmable World’ that will expand our possibilities as the things around us such as cars and watches will be connected and therefore able to automatically inform us, adapt to our behavior or business processes, learn and organize themselves.”
“KT also believes that the IoT era presents huge opportunities for manufacturers, operators, and service providers, and aims to boost the IoT ecosystem by providing ICT convergence services and collaborating with industry leaders,” KT CEO Dr Chang-Gyu Hwang added.