Team Naver Collaborates with LX on Building Saudi Digital Twin

iot squared also collaborates with LX

The agreement ceremony between Team Naver and LX Corporation was held on the 15th. From left to right in the photo are Seok Sang-ok, CEO of Naver Labs; Chae Seon-ju, Head of Naver External/ESG Policy; Eo Myeong-so, President of LX Corporation; Kim Yoo-won, CEO of Naver Cloud; and Choi Song-wook, Director of Spatial Information at LX Corporation. Photo by Naver

Team Naver announced on the 15th that it has signed a business agreement with LX Corporation (Korea Land and Geospatial Informatix Corporation) ahead of promoting the Saudi Arabia digital twin platform construction project.

Naver Cloud and LX Corporation signed a "Business Agreement for Promoting the Construction Project of Digital Twin Platforms in Major Cities of Saudi Arabia" at Naver 1784 located in Seongnam-si, Gyeonggi-do on the same day.

Team Naver previously signed a memorandum of understanding (MOU) with Saudi IoT and smart city technology solution company iot squared on the 7th. They are expanding partnerships domestically and internationally to promote related projects.

This business agreement was also made to further specify the "Business Agreement for Expanding Overseas Digital Twin Construction Projects" signed in July by Naver Cloud, Naver Labs, and LX Corporation, aiming to focus mutual capabilities.

Naver Cloud and LX Corporation will cooperate to ensure that Team Naver's Saudi digital twin platform construction and operation proceed efficiently and rapidly. Naver Cloud and Naver Labs are conducting digital twin projects domestically and internationally through the ALIKE solution. LX Corporation's "LX Platform" supports analysis and simulation to solve urban and national land issues based on digital twin-based 3D spatial information.

Amyungso, President of LX Corporation, stated, "If the collaboration between the two companies creates synergy, it will establish an important milestone by constructing major Saudi cities as digital twins and expanding cooperation comprehensively," adding, "We will generously share technology and capabilities so that this can be a signal flare for exporting K-Smart infrastructure to the global market beyond the Middle East."

Kim Yuwon, CEO of Naver Cloud, said, "We expect greater synergy in the large-scale national digital twin platform construction project through cooperation with LX Corporation, which has various know-how in national land information operation," and added, "We will continue to build a collaborative foundation for project success with excellent domestic and international partners in various fields."

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