SK Telecom (NYSE: SKM) said it is cooperating with Samsung Electronics and LG Electronics to interconnect its Smart Home Platform with respective smart home platforms of Samsung and LG.
Once realized, SK Telecom´s Smart Home users will be able to control and monitor Samsung and LG´s electronic products equipped with their own smart home capabilities via SK Telecom´s Smart Home App.
In line with the MOU they signed in April, SK Telecom and Samsung Electronics have agreed to realize seamless interworking between their respective smart home platforms within this year. As a result, consumer electronic products – including refrigerators, washing machines, air-conditioners, air-purifiers, robot vacuum cleaners and ovens – equipped with Samsung Electronics´ smart home capability can be controlled via SK Telecom´s Smart Home app.
SK Telecom has also entered into a Memorandum of Understanding (MOU) with LG Electronics to cooperate in the smart home business. The signing ceremony took place at IFA 2015 taking place from September 4 to 9, 2015 in Berlin. The two companies will work together to realize seamless interworking between their respective smart home platforms within this year. LG´s smart home-capable consumer electronic products, including refrigerators, washing machines, dryers, air-conditioners, speakers, robot vacuum cleaners and ovens, will be controlled via SK Telecom´s Smart Home app.
Since launching its Smart Home platform in May 2015, SK Telecom has been working aggressively with various partners to promote the growth and development of the smart home/home IoT market by creating an open ecosystem. To date, the company has formed partnerships with over 25 companies of diverse industries, including consumer electronics, furniture and construction, and plans to introduce at least 20 Smart Home-capable products within 2015 and over 30 Smart Home products by 2016.
SK Telecom (KSE: 017670), established in 1984, is Korea´s largest telecommunications company with more than 28 million mobile subscribers, accounting for around 50 percent of the market.