The Internet of Things (IoT) and 5G are arguably the most important developing technologies for operators and manufacturers right now. Nowhere is that more obvious than in South Korea
LG Uplus, headquartered in the country's capital, Seoul, has just signed a memorandum of understanding (MoU) with Ericsson to collaborate on the development of both 5G and IoT technologies.
The firms hope the agreement, which will run at least until 2020, will see them take the lead in the development of 5G and IoT platforms.
The MoU comprises four key areas: IoT infrastructure, including narrow-band LTE; software-defined networking (SDN) and Network Functions Virtualization (NFV), making the core network 5G ready; global content delivery networks (CDNs); and IoT-Advanced technologies.
Ericsson and LG Uplus will establish technology and frequency strategies and work together to "prepare a roadmap for long-term network development," read the joint statement.
"The two companies will lead network evolution by introducing advanced network technologies to domestic and overseas markets through close collaboration," said Kim Suntae, chief technology officer of LG Uplus.
Meanwhile, South Korean operator KT has vowed to become the leader in the 5G era – making the most of the country's world-leading telecoms infrastructure.
KT chairman and CEO Chang-Gyu Hwang recently suggested it was making quick progress with 5G, explaining that capacity is just as crucial as speed in terms of development.
Given that 70% of the country's mobile users have 4G plans - while smartphone penetration now exceeds 80% - it's easy to see why KT is determined to be first to market with a 5G offering.