![]() ![]() Front-engine, all-wheel-drive (since 2006).We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.Īdhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world. ![]() Press release: LS ELECTRIC and Nokia to improve asset performance with new analytics management tool for Korean utility marketĪt Nokia, we create technology that helps the world act together.Īs a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks.We are pleased that LS ELECTRIC has reiterated its trust in our capabilities and solutions by extending the existing partnership.” Josh Lee, Head of Enterprise at Nokia Korea, said: “The emerging business models for Industry 4.0 demand close collaboration between the enterprises and ICT-based global communication equipment companies to be better placed to leverage the market opportunities. Nokia is our existing partner and we are confident that its proven expertise and industry-leading solutions will help us realize our business vision.” Jong-Woo Kim, President and COO, Global Services at LS E LECTRIC, said: “We are excited to work with Nokia to develop new competencies and modernize our infrastructure, to provide market-leading solutions and leverage new business models. It has also extended its expertise to more than 450 large private wireless customers worldwide across an array of sectors, and has been cited by numerous industry analysts as the leading provider of private wireless networking worldwide. Nokia has deployed mission-critical networks to more than 2,200 leading enterprise customers in the transport, energy, large enterprise, manufacturing, webscale, and public sector segments around the globe. As part of the MoU, Nokia will provide technical information and solutions related to smart factory infrastructure, data center business and EV charging businesses to support implementation strategies. Industrial-grade Nokia private wireless solutions, Data Center Fabric and EV charging solutions with Nokia Data Marketplace, will be used by LS ELECTRIC to acquire new operational competencies. ![]() The collaboration will enable LS E LECTRIC to modernize its infrastructure to provide market-leading solutions to its customers. Nokia and LS E LECTRIC will also explore 5G private wireless networks business opportunities as part of the agreement. The two companies will collaborate to develop a model for factory automation, data center and Electric Vehicle (EV) charging services. Seoul, South Korea – Nokia today announced that Nokia and LS E LECTRIC, one of South Korea’s biggest providers of electric power equipment and automation solutions, have signed a Memorandum of Understanding (MoU) to develop Information Communications Technology (ICT) based solutions for new service models.
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