Hanjin Establishes Spatial Information Distribution Platform Company 'Huedatas'..."Conducting 'Road Information DB' Business"

Joo Sung-kyun, Executive Director and Head of Management Planning Office at Hanjin; Kang Seok-hak, CEO of UOK; Noh Sam-seok, President and CEO of Hanjin; Cho Hyun-min, President in charge of Marketing and Future Growth Strategy at Hanjin; Kim Hyun-woo, Managing Director of Marketing Office at Hanjin and CEO of HuDataS; Lee In-hyun, CTO and Managing Director of HuDataS (from left)

Photo by Hanjin

[Asia Economy Reporter Hyunseok Yoo] Hanjin announced on the 14th that it has established ‘HyuDatas,’ which will carry out the ‘Road Information DB’ business utilizing its courier and logistics infrastructure.

The Road Information DB business is part of a new business initiative to discover new business models at Hanjin. It was promoted under the leadership of President Cho Hyun-min, Head of Future Growth Strategy and Marketing, after reviewing the idea of an employee who was selected first place in the 2019 internal new business proposal contest.

To this end, in March 2020, Hanjin signed a business agreement with UOK, a VR·AR content solution company, and successfully completed the development of high-resolution cameras and software for courier and small vehicles to collect road information last year. To carry out the business in earnest, the two companies jointly invested and established ‘HyuDatas’ in January of this year.

To commemorate the establishment of HyuDatas, Hanjin held an opening ceremony last month on the 25th at the HyuDatas office on the 23rd floor of the Hanjin Building main building located in Jung-gu, Seoul. Key stakeholders including Hanjin CEO President No Sam-seok, Hanjin Future Growth Strategy and Marketing Head President Cho Hyun-min, and UOK CEO Kang Seok-hak attended. They also demonstrated courier and small vehicles equipped with cameras capable of collecting road information DB.

Going forward, HyuDatas will secure the timeliness of spatial information such as roads and facilities based on street view collection and production technology utilizing approximately 800 courier and logistics infrastructures nationwide owned by Hanjin. They will develop the ‘Lodge Platform,’ a spatial information data distribution platform.

First, this year, they will develop the basic model of the Lodge Platform and enter the B2G (business-to-government) market. Subsequently, by expanding the content of the Lodge Platform and enhancing its functions, they plan to expand B2B (business-to-business) by planning road facility DB distribution and private sector services, and also enter B2C (business-to-consumer) by expanding spatial information services of the Lodge Platform such as services for logistics workers.

In the future, Hanjin and HyuDatas will also enter overseas markets and the autonomous delivery market. They will also secure public interest that can participate in Korea’s safe and smart mobility culture, further strengthening a sustainable growth foundation and ESG management.

A Hanjin official said, “The Road Information DB business is a new business that can create added value through the logistics capabilities our company possesses. Together with HyuDatas, which combines our company’s courier and logistics infrastructure and UOK’s expertise in building road information data, we will continuously develop new technologies leading the logistics industry.”

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