Taking full advantage of its economic leadership, Samsung and local SK Telecom (SKT) have announced plans to turn the manufacturing city of Daegu into an IoT test hub complete with modern infrastructure for connected cars and mobile health.
Daegu is trying to pivot from its role as a manufacturing hub in the late 20th century.
The new communication infrastructure will incorporate cloud computing, and allow for heavier loads of data, smart energy systems for public utilities, and accommodation for electric cars and autonomous vehicles.
Samsung is also making its IP available to local technology companies to experiment with.
SKT plans to build an IoT test bed in Daegu. It is aimed at growing ventures and startups.
SKT will also try to create a new business ecosystem by supporting ventures seeking to get into the global market.
Daegu will see a new startup centre called Open Lab, which will also be the centre of the urban IoT network.
Another incubator, the Centre for Creative Economy and Innovation, was announced in November as one of 17 across the country that were being jointly supported by Samsung, SKT and Hyundai among some dozen other South Korean corporate sponsors.
The new startup centre, Daegu Samsung Creative Economy, will open later this year.
SKT’s proprietary IoT platform ThingPlug facilitates IoT product development and manages IoT networks. It relies on standards set by oneM2M, an international standard for IoT device communications.
The city of Daegu aims to raise $855 million to support infrastructure installation and create a new fund for local startups.