KT, Alton Sports, BC Card, Dongbu Insurance, and KT Telecop Sign MOU for IoT Bicycle Promotion
Joint development of various services such as theft prevention, Big Data targeted marketing, and loss insurance

KT (Chairman Hwang Chang-gyu) announced on the 25th that it will sign a 'business agreement for the revitalization of the IoT bicycle market' with Alton Sports, BC Card, KT Telecop, and Dongbu Insurance at the Alton Sports headquarters located in Pangyo, Seongnam-si, Gyeonggi-do.

The 'IoT Bicycle' is a solution that utilizes KT's nationwide LTE-M network and IoT platform to include features such as vibration and alarms for theft prevention, sophisticated location tracking, and a battery complete discharge warning function.


In the business agreement signed on this day, they agreed to cooperate closely with each other to provide IoT communication modules and support sophisticated IoT platforms, for ▲ KT, for the distribution of IoT bicycles utilizing 111 Alton Bike Clinics nationwide, for ▲ BC Card, for Big Data-based targeted marketing, for ▲ KT Telecop, for the development of business models to minimize theft and loss, and for ▲ Dongbu Insurance, for the development of bicycle theft insurance products.

KT's 'LTE-M', built as a nationwide network, is a global standard network technology evaluated as superior to technologies such as beacons, RFID, and LoRa in terms of coverage and stability. It is characterized by the ability to provide nationwide service without degradation of communication quality due to frequency interference, as it utilizes licensed frequency bands.

Kim Hyung“We plan to enable customers to use bicycles more conveniently and safely through the convergence of telecommunications, manufacturing, finance, security, and insurance services,” said Wook, Head of KT’s Platform Business Planning Office. “In the future, we will expand the scope of our services from items requiring systematic management and risk of theft, such as logistics delivery, luxury bags, and high-end musical instruments, to the realm of general objects.”

The key features of KT's 'IoT Bicycle' include On/Off control via mobile, detection of the bicycle's status anytime and anywhere after docking via a vibration sensor, bicycle location tracking upon vibration at a certain frequency (3 times) or more, an anti-theft alarm upon detecting signs of loss, and a function to check battery information attached to the device.