Naver and Samsung C&T are joining forces to expand their future business ecosystems by leveraging each other’s capabilities. On Feb. 28, Naver Cloud and Naver Labs, along with the Construction Division of Samsung C&T, announced that they have signed a Memorandum of Understanding (MOU) at the Naver 1784 building for collaboration on home and building solutions and the development of innovative ICT technologies in both Korea and Saudi Arabia.
This MOU signifies a broad cooperation between Team Naver and Samsung C&T, focusing on the digitization of spaces such as future technology-based offices, expansion into the global market with advanced smart cities, and enhancing the competitiveness of the construction industry through the use of ICT. Samsung C&T plans to integrate a variety of advanced technologies such as AI, cloud, autonomous driving, robotics, and 5G, which were used in the construction of the “tech convergence building” Naver 1784, with its home and building platform to increase synergy. The two companies aim to continue their collaboration from implementing future office buildings to next-generation platform businesses targeting B2B customers and further materialize this collaboration to create opportunities for global business expansion. Source: Business Korea
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