Presenting specific market entry strategies through cooperation with the world's largest wireless carrier
Providing partnership opportunities through meetings with China Mobile

KT announced on the 10th that it held the 'China IoT Market with KT (Subtitle: GiGA IoT Alliance 4th Makers Day)' conference at the International Conference Hall of the Gyeonggi Creative Economy Innovation Center in Pangyo, Seongnam-si, Gyeonggi-do, inviting China Mobile (CMIOT), the world's largest wireless telecommunications operator, to learn about the current status and latest trends of the Chinese IoT market.

The conference on this day proceeded in the following order: Korea Internet & Security Agency’s ‘Support Measures for Global Expansion of the Domestic IoT Industry,’ China Mobile’s ‘Current Status of the Chinese IoT Market and Business Promotion Strategies,’ KT’s ‘Commercialization Support Measures Based on the GiGA IoT Alliance,’ KT China’s ‘Trends in Major Chinese Industries and Regulatory Trends,’ and Jasper Technologies (see reference below)’s ‘Major Business Opportunities in China Based on IoT Platforms.’

In particular, during the 'Current Status of China's IoT Market and Business Promotion Strategies' session, the potential of the Chinese market was demonstrated by forecasting that the Chinese IoT market would grow at an annual average rate of 32% by 2020 in terms of the number of connected objects, reaching 10 billion and accounting for 20% of the global IoT market.


In addition to the conference on this day, GiGA IWe exhibited products and services from nine small and medium-sized enterprises related to IoT, selected through a screening process from among the oT Alliance member companies and companies recommended by the Gyeonggi Creative Economy Innovation Center, and provided opportunities to build partnerships such as investment and business alliances in the Chinese market.

The nine companies selected for this exhibition are: ▲ Carbi, a smart car solution company that plans to launch products in the second half of the year after receiving a direct investment of 2 billion won from KT last March; ▲ GeoIT, which developed the 'GiGA IoT Health Bike' by linking health and games; ▲ Haebora, a smart earset company that developed a device by analyzing the phenomenon of voice being transmitted into the ear when speaking; ▲ E-Jex (smart home/building service); ▲ Incored (smart metering based on electricity usage and pattern analysis installed in the distribution panel); ▲ Osung Electronics (in-home appliance control); ▲ Truen (home security camera); ▲ Amadas (smart door lock with innovative design), recommended by the Gyeonggi Creative Economy Innovation Center; and ▲ Mirae NCT (IoT parking guidance system).

China Mobile's visit to Korea is part of mutual exchanges aimed at promoting IoT services between the two companies, in accordance with the 'Memorandum of Understanding (MOU) for Joint Development of IoT Technology and Business Promotion' signed between KT and CMIOT, China Mobile's IoT specialized subsidiary, in August of last year.

Wang Tao, General Manager of the Solution Center at China Mobile (CMIOT), who gave the presentation, stated, “Last November, GiGA IoT Alliance member companies visited the IoT exhibition hall at CMIOT headquarters to set up permanent booths and hold business meetings, and this time, we have visited Korea to participate in a conference and hold business meetings.” He added, “I expect the GiGA IoT Alliance to serve as a hub for inter-company exchange and cooperation in the Korea-China IoT sector.”

Kim Jun-geun, Head of KT GiGA IoT Business Unit, &ldqu“I hope this event will be a valuable opportunity for the approximately 330 companies belonging to the KT GiGA IoT Alliance to obtain the information necessary for entering the Chinese market, which may have seemed daunting,” he said. “We will actively support domestic companies’ entry into China by collaborating with China Mobile, which has over 800 million subscribers.”

Meanwhile, on the 11th, the day following the conference, individual business meetings are planned with some member companies that China Mobile has shown interest in, and it is expected that the business achievements of GiGA IoT Alliance member companies will become visible through this.