LG Uplus Invests in 5G Remote Control Venture

[Asia Economy Reporter Koo Chae-eun] LG Uplus has signed an equity investment agreement with Quopin Co., Ltd. to commercialize the core 5G remote control technology, the ‘ultra-low latency video transmission solution.’

According to LG Uplus on the 25th, the equity investment was made jointly by LG Uplus along with three investment firms: Partners Investment, Honest Ventures, and Dongyu Technology Investment. Through this agreement, the investors have secured a 28% stake in Quopin.

Quopin possesses solution technology that allows real-time device control while viewing video transmitted remotely. Currently, Quopin’s technology is regarded as the most advanced in the field of 5G-based high-compression ultra-low latency video transmission. LG Uplus plans to expand services in sectors requiring 5G-based remote control through proactive investment. In particular, the strategy is to dominate the 5G B2B service market including unmanned operation of heavy equipment, drones, automobiles, and robot control. Quopin expects to achieve sales exceeding 30 billion KRW by 2023 through the development and mass production of 5G ultra-low latency video transmission commercial chips.

Jo Won-seok, Head of LG Uplus Corporate New Business Group (Executive Director), stated, “The differentiated 5G ultra-low latency transmission technology secured by both companies is identified to have significant demand in the domestic and international 5G markets,” adding, “LG Uplus will actively utilize Quopin’s solutions in the commercialization of remote control for excavators and cranes as well as in the field of robot remote control to capture the 5G B2B market.” Lee Sang-hoon, CEO of Quopin, said, “With development funding support from LG Uplus and other investors, the commercialization of 5G remote control technology has become smoother,” and “Through Quopin’s unique technological capabilities, we will support LG Uplus in timely commercializing business models in the 5G remote control service sector to secure market leadership.”

This content was produced with the assistance of AI translation services.