Hyundai and KT to combine technologies to supply smart logistics solutions

HYUNDAI Construction Equipment has announced it is teaming up with Korea Telecom (KT) to progress smart logistics solutions.

The manufacturer will use KT’s 5G communication network and artificial intelligence (AI) technology after signing a Memorandum of Understanding (MOU) with KT on 12th May.

Hyundai explained the MOU will enable the two companies to combine their technologies, the autonomous vehicle technology of Hyundai, and KT’s ICT (information and communications) technologies, to supply the advanced smart logistics solutions to the market.

This has been tipped to improve the remote management and level of control of the autonomous forklift, which will also benefit from a remote service system that is operated by an AI voice control solution, video, and augmented reality (AR).

Kong Ki-young, president of Hyundai CE said, “A large number of officials from the automobiles and electronics companies attended our recent demonstration of autonomous forklifts held at the Eumseong Global Logistics Center in Chungbuk, and their wishes for introducing the technology demonstrated, have been pouring in. In addition to autonomous forklifts, we will supply the entire logistics solution covering the control system, charging facilities, warehouse management system (WMS), and manufacturing execution system (MES) to lead the market.”

Jeon Hong-beom, VP of KT added, “This cooperation will be a springboard, to advance material handling using the new technologies, such as 5G and AI, and we expect this innovation in manufacturing and logistics fields to become a reality. KT will continue to push ahead with digital transformation of Korean industries by use of our ICT capabilities.”