LG Uplus Signs Technology Cooperation MOU with CryptoLab
In-Vehicle Payment Service, Device-to-Device Communication, and Wireless Update to Be Applied

LG Electronics has signed a business agreement with LG Uplus and Cryptolab to collaborate in the field of post-quantum cryptography (PQC) technology, strengthening the cybersecurity competitiveness of its automotive electronics business. From left to right in the photo: Jeonghee Cheon, CEO of Cryptolab; Seokhyun Eun, Head of LG Electronics VS Business Division; Taekjin Choi, Head of LG Uplus Enterprise Division. Photo by LG Electronics.

LG Electronics has signed a business agreement with LG Uplus and Cryptolab to collaborate in the field of post-quantum cryptography (PQC) technology, strengthening the cybersecurity competitiveness of its automotive electronics business. From left to right in the photo: Jeonghee Cheon, CEO of Cryptolab; Seokhyun Eun, Head of LG Electronics VS Business Division; Taekjin Choi, Head of LG Uplus Enterprise Division. Photo by LG Electronics.

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[Asia Economy Reporter Han Yeju] LG Electronics is strengthening its cybersecurity competitiveness in the automotive electronics business by utilizing post-quantum cryptography (PQC) technology.


On the 5th, LG Electronics announced that it has signed a memorandum of understanding for cooperation in the field of post-quantum cryptography technology with LG Uplus and Cryptolab.


Post-quantum cryptography is a new encryption technology that is difficult to decode even with quantum computers, which have computational power superior to supercomputers. It is based on complex mathematical algorithms that are almost impossible to break even with quantum computers. As computing technology advances, concerns have been raised that existing public-key cryptosystems could be attacked by quantum computers, making this a next-generation security technology gaining attention.


In April of this year, LG Electronics plans to develop post-quantum cryptography technology to provide safer and more reliable automotive electronic components to global automaker customers, in collaboration with LG Uplus, which established the world's first dedicated post-quantum cryptography communication network, and Cryptolab, a startup specializing in cryptographic technology.


To verify the reliability of post-quantum cryptography technology related to automotive components, LG Electronics will develop a prototype of an in-vehicle infotainment (IVI) system applying this technology. LG Uplus will develop various scenarios to provide post-quantum cryptography services, and Cryptolab will be responsible for developing and optimizing vehicle post-quantum cryptography algorithms based on its extensive cryptographic research experience.


As the transition to the connected car era, where network connectivity is essential, accelerates, the importance of cybersecurity technology to guard against hacking in the automotive industry is increasing. LG Electronics' strategy is to proactively secure next-generation cryptosystems in both hardware and software platform environments of automotive components in line with this trend.


Additionally, LG Electronics plans to apply post-quantum cryptography technology in various areas of the automotive electronics business, such as in-vehicle payment services (PoI), vehicle-to-everything communication (V2X), and over-the-air updates (OTA), to enhance cybersecurity.



Eun Seokhyun, head of LG Electronics' VS Business Division, said, "As the importance of vehicle cybersecurity grows, we will internalize not only differentiated automotive component technology but also the highest level of security technology."


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

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