LG Uplus and Seoul Technopark Expand Smart Factories for Small and Medium Enterprises

[Asia Economy Reporter Lim Hye-seon] LG Uplus is focusing on expanding smart factories for small and medium-sized enterprises (SMEs) and mid-sized companies in collaboration with Seoul Technopark.

On the 4th, LG Uplus announced that it signed a business agreement with Seoul Technopark to support the establishment of smart factories and digital innovation for SMEs and mid-sized companies. Seoul Technopark is a regional industry promotion hub that develops industrial development strategies and policies tailored to the conditions and characteristics of the Seoul area, discovering promising technology companies. Earlier this year, it announced the 'Seoul Regional Smart Factory Project Promotion Strategy' and is supporting the establishment of smart factories within the region. LG Uplus signed the agreement with Seoul Technopark, which has experience and infrastructure in promoting smart factories, to expand its smart factory solutions, which incorporate its technological capabilities, to Seoul's SMEs and mid-sized companies.

LG Uplus and Seoul Technopark agreed to assess the current status and discuss practical support measures to expand smart factories among Seoul's SMEs and mid-sized companies. Additionally, LG Uplus will run a promotion allowing SMEs and mid-sized companies to experience its cloud solution free of charge for six months to reduce the financial burden of building smart factories. Since the cloud solution is a smart factory system jointly operated by companies in similar industries or with shared interests, it has a relatively low cost burden, and the free trial promotion is expected to significantly reduce the burden on SMEs and mid-sized companies.

Furthermore, the two organizations will cooperate to expand smart factory solutions incorporating 'digital twin' technology to SMEs and mid-sized companies. Digital twin, which digitally replicates reality as it is, is the most advanced smart factory technology but is currently used mainly by large corporations, making its expansion to SMEs and mid-sized companies necessary. LG Uplus plans to develop smart factory solutions integrated with digital twin technology and distribute them to SMEs and mid-sized companies in partnership with Seoul Technopark.

In addition, the two parties will exchange information and cooperate to support manufacturing innovation for SMEs and mid-sized companies by holding smart factory solution briefings once or twice a year. They also plan to jointly operate a pavilion showcasing advanced technologies such as digital twin at the '4th Smart Factory Construction and Production Automation Exhibition (SMATEC 2022)' scheduled for November.

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