Operation of CES 2017 delegation to promote the discovery of new businesses in the fields of 'Internet of Things, Artificial Intelligence, and Connected Cars'

LG Uplus (Vice Chairman Kwon Young-soo) announced on the 27th that it will send a delegation to 'CES (Consumer Electronics Show) 2017,' the world's largest electronics trade show, which will be held in Las Vegas, USA, from January 5 to 8 next year.

This visit will be attended by a total of about 30 executives and employees, including Vice Chairman Kwon Young-soo, executives in charge of core future businesses such as new business and new technology development, including the FC (future and converged) division, the IoT division, and the PS division's mobile business unit.

LG Uplus plans to visit the local exhibition hall to experience future global ICT trends, visit exhibition booths related to innovative IoT products and services and smart cars, and directly verify their relevance to LG Uplus's future core business models.

Vice Chairman Kwon Young-soo meets successively with key executives from global ICT companies to closely discuss business cooperation. In addition, the plan is to lay the groundwork for LG Uplus's entry into the global market by directly observing global IT trends beyond mobile, such as the Internet of Things (IoT), artificial intelligence (AI), and connected cars.

In addition, the plan includes visiting booths of domestic and international global manufacturers, such as LG Electronics and Samsung Electronics, as well as Chinese manufacturers emerging as IT powerhouses, to observe IoT-related technology trends and explore ways to differentiate services; meeting with global telecommunications companies to discuss business cooperation; and visiting booths of global automakers pursuing entry into the connected car market to personally verify technology trends combining automobiles and telecommunications.

In addition, they will visit booths of related startups and major IT companies to examine global ICT trends and the status of new businesses, and actively seek convergence with IoT-based services.

Since Vice Chairman Kwon Young-soo took office in December 2015, LG Uplus has been focusing on the Internet of Things (IoT), artificial intelligence (AI), connected cars, 360-degree virtual reality (VR), and global business. In particular, regarding the IoT business, the company is actively pursuing partnerships with overseas operators in China and Japan, extending from its leading domestic home IoT business to the industrial IoT sector.

Moving forward, LG Uplus plans to build capabilities in new IoT business models that combine telecommunications and power, and to transform into an essential service provider for customers' daily lives through product diversification focused on practical value services with high sensitivity to daily life, such as electricity, gas, safety, and the environment. At the same time, the company is also dedicating itself to preparing for business related to Artificial Intelligence (AI), which has recently been gaining significant attention.

Connected cars, referred to as the next generation 'future growth engine,' are also one of the new growth sectors that LG Uplus is focusing on. We plan to build a content service platform that embeds LTE communication modems into vehicles to provide drivers with safety, security, and infotainment services, offering various infotainment features such as real-time navigation, location-based recommendation services, streaming music services, voice recognition, home IoT connectivity services, smartphone mirroring, and concierge services.