South Korean telecom firm KT Corp. and Kakao Corp.'s transportation unit said Monday they will collaborate to develop a new mobility platform to tap into the great potential of the rising technology segment.
The telecom operator and Kakao Mobility signed a memorandum of understanding for a smart mobility project that would combine KT's connected car platform, called GiGA Drive, and Kakao T, the nation's No. 1 taxi hailing app, which has 22 million users.
Under the agreement, the two companies plan to create "Mobility as a Service" (MaaS), which connects cars, connected car platforms and business-to-customer services.
MaaS is an on-demand, real-time platform that can include any combination of transport methods, such as car- and bike-sharing, taxis and car rentals, and provides customers with everything from travel planning to payments.
For example, KT's connected car platform can integrate Kakao Mobility's service in the in-vehicle infotainment or navigation systems.
KT, which has tested its 5G technology on self-driving cars, said it will also push to work with Kakao Mobility to jointly develop autonomous driving technology. (Yonhap)