South Korea's SK Telecom has signed a MoU with equipment provider Kocom, which will see the operator “dominate smart home services market by 2020."The deal follows a steady stream of news issued by the operator who just this week, partnered with Samsung Electronics to transform the South Korean city of Daegu into a IoT test hub.
SK Telecom believes that it can secure more than 50 per cent of the local smart home services market for new homes in four years, says ZD Net.
Adding to its deal with Kocom, SKT previously signed agreements with home automation company Commax in September last year as well as Hyundai Telecom in November 2015.
The company believes that the three agreements assist it to capture more than half of the market by 2020.
SKT and Kocom will assist each other to develop their intelligent home businesses, including the development of intelligent home network systems and smart light-emitting diode lighting equipment.
Cho Young-hoon, VP of SK Telecom's smart home business unit stated: "We will work to provide smart home services to more than 50 percent of newly-built houses by 2020."
SKT smart home service
[quote] SKT’s new an intelligent service will connect various data, including user data, weather information, and a personal assistant platform, as well as remote control and timer settings.
"We can now really increase smart home services to the housing market with the three largest home network companies in South Korea joining the ecosystem we have established along with other domestic partners,” said a company spokesperson.
"Thus, through a product mash up, SK Telecom will be able to offer more convenient services to their customers.”
The operator said that users of the service will be able to manage climate control systems remotely and shift home appliances to a power-saving mode to reduce electricity use.
SKT and Kocom expects that they would have coordinated their smart home platform and accelerate distribution of their smart home services by the second half of 2016.