LGU + to provide 5G connectivity service for carsharing mobility services platform

SEOUL – LG Uplus, a mobile operator in South Korea, will provide 5G connectivity services for a national carsharing mobility services platform. Ultra-fast mobile data communication technology will be used to connect cars, services, facilities such as smart parking lots and a control tower.

Carsharing is a next-generation car rental service for consumers who want to borrow vehicles for a short period and travel short distances. Using a service app, consumers can visit designated parks to rent cars. Borrowed vehicles can be returned to any affiliated station or car park. Charges are normally charged based on the distance traveled by the car.

Carsharing services are popular among consumers in their 20s and 30s living in urban areas. The domestic market, which stood at some 500 billion won ($ 425 million) in 2020, is growing at an average annual growth rate of about 22%, thanks to a steady increase in the number of single households who do not feel no need to own a car. .

LG Uplus (LGU +) said in a statement on September 27 that the company has signed a cooperation agreement with Humax Mobility, a home mobility service operator, to provide 5G connectivity services for carsharing vehicles. LGU + will demonstrate 5G connected smart city technologies using Humax Mobility’s rental car, electric scooter and parking infrastructure, while Humax will offer real-time information on vehicles, charging stations and parkings.

“By cooperating with Humax Mobility, we will seize this opportunity to create a stepping stone that would help LGU + enter the mobility services market using 5G business models,” said Hwang Hyun-sik, CEO of LGU +.