Woorinet, KT, and MacData Sign Tripartite Agreement to Advance Domestic Cloud Market

[Asia Economy Reporter Hyunseok Yoo] Woorinet, a company specializing in optical communication networks, announced on the 30th that it has signed a business agreement with KT and MacData to promote balanced development among large, medium, and small enterprises in the Korean cloud market.

This business agreement was made to expand the IoT platform cloud market through collaboration between KT and domestic companies in a cloud market dominated by Amazon and Microsoft.

Through this agreement, each company is expected to achieve balanced development among large, medium, and small enterprises in the Korean cloud market, which is currently monopolized by foreign companies.

KT will provide the infrastructure necessary for discovering and executing tasks related to cloud development. It will also support various aspects such as technical consulting. Woorinet will develop LTE IoT devices and 5G modems for data collection and build the IoT platform. MacData, as the main party of the agreement, will establish a fault monitoring system for cloud services and will oversee the entire project, including management, planning, and marketing.

Kim Yonggu, Executive Director of Woorinet’s IoT Business Division Research Institute, said, “Our company is collaborating with KT, MacData, and Qualcomm to carry out IoT module and platform construction projects in the domestic cloud market,” adding, “The expansion of the cloud market will lead to the activation of IoT services, making it easier to enter various businesses such as AI in the future.”

Meanwhile, since March, Woorinet has been developing 5G IoT modules and terminals equipped with Qualcomm® Snapdragon™ X62 5G Modem-RF System and is currently undergoing carrier certification procedures. Based on this, Woorinet also expects support from Qualcomm for this business agreement.

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