The number of construction companies that have decided to build a home IoT platform through LG Uplus's IoT system has surpassed 20.

LG Uplus announced that it held a business agreement ceremony with Bando Construction at its Yongsan headquarters in Seoul and agreed to cooperate on building a home IoT platform for apartments. Under the business agreement between the two companies, LG Uplus plans to install a home IoT system in the 'Bando Ubora Apartments,' which are developed and constructed by Bando Construction.

With the establishment of LG U+’s IoT system, residents of Bando Ubora will be able to use the smartphone app 'IoT@home' to control not only existing wired home network systems installed upon move-in—such as lighting, gas, heating, and standby power cutoff—but also individually purchased IoT home appliances like air conditioners, washing machines, and air purifiers, as well as LG U+’s IoT products.


With this agreement, the number of construction companies that have signed home IoT service construction agreements with LG Uplus amounts to about 20, including Bando Construction, Daewoo Construction, SH Corporation, and Dongyang Construction.

Starting with Daewoo Engineering & Construction last year, LG Uplus has successively signed business agreements with not only major construction companies but also small and medium-sized officetel builders. LG Uplus developed the 'IoT Wallpad' as an integration system for its home IoT platform. The IoT wall pad is equipped with an IoT hub that supports Z-wave, a home IoT frequency, integrated into existing apartment wall pads. This enables the integration of various IoT products from telecommunication companies, such as open/close sensors and motorized blinds, offering excellent service scalability.

In addition to these technological strengths in IoT, LG Uplus possesses capabilities that enable it to easily establish a home IoT ecosystem, such as a pay-as-you-go billing system and installation and after-sales service personnel; therefore, the expansion of LG Uplus's IoT services in the housing construction market is expected to accelerate further.

From the perspective of construction companies, LG Uplus's advanced IoT services can enhance the premium image of their apartment brands, while IoT home appliance manufacturers can receive usage data from products used in homes and utilize it for customer management, promotions, and more.

Ahn Sung-joon, Executive Vice President and Head of the IoT Division at LG Uplus, stated, “Home appliance and household goods manufacturers, as well as construction companies, are increasingly recognizing the need to utilize home IoT platforms from telecommunications carriers that possess rich ICT capabilities and experience.” He added, “LG Uplus plans to continuously expand its partnerships with construction companies within the year, and this is expected to establish itself as a new business model.”