KT, Nokia Networks to launch industry's first IoT lab in Korea

NEW DELHI: South Korean telecom company KT has joined hands with Nokia Networks to set up the industry's first internet of things (IoT) lab in Korea.

The lab will help in small and medium-sized partner companies to lay a strong foundation for the creation of an ecosystem where everyone and everything is connected.

"A pioneering initiative that underlines the companies' commitment to foster a "Programmable World through the convergence of IT and Telecommunications,” the company claimed.

"this lab is a strong iteration of our vision to become the number one player in Korea's IoT market. Our efforts are aimed at encouraging greater participation by domestic companies, which are a crucial factor in driving the change towards a creative IoT-based economy,” said Yun Kyoung-Lim, Head of Future Convergence Business Office at KT.

"Executing upon an agreement signed at MWC15, Nokia Networks and KT have taken another step forward on an exciting journey that will culminate in the creation of the 'Programmable World' in Korea and beyond. After showcasing the world's first LTE-M for interconnection of sensors, we have now created Korea's first IoT lab - a solid proof-point of our commitment to standardize LTE-M and create a strong and sustainable IoT ecosystem,” said Andrew Cope, Head of Korea at Nokia Networks.