LG Uplus signs enterprise network deal with Hanjin Newport
By Lee Min-hyung
Hanjin Newport workers operate a terminal network monitoring system at its control tower located in the southern port city of Busan, Monday. / Courtesy of LG Uplus
LG Uplus said Monday that the mobile carrier has successfully established a network system for container terminals in a move to expand its presence into the business-to-business (B2B) sector.
Under its partnership with Hanjin Newport, the mobile carrier will provide its long-term evolution (LTE) network for Hanjin’s terminal operating system (TOS).
The “Private LTE” enterprise network system allows companies to build their own network infrastructure by connecting data traffic coming from Uplus base stations into their internal network system, Uplus reported. It also reported that this guarantees more security than using other public network systems such as Wi-Fi.
The move is part of the telecom company’s efforts to find new revenue streams, as the telecom market here has reached saturation. Expectations are that the latest move will help Uplus diversify its revenue channels into the B2B and the Internet of Things (IoT).
The company said the Private LTE system will help Hanjin Newport streamline its business operations, as it allows the company to control their cargo in real-time without any interruptions from network disorders. Some 120 transport vehicles of the company have equipped themselves with Uplus routers to use the LTE service, according to Uplus.
The company also said the system is cost-efficient, as it does not require complicated installation or maintenance, as companies can access network systems coming directly from base stations.
“Ensuring security tops the list for any businesses related with the IoT,” said Kwon Jun-hyuk, vice president at the company’s industrial IoT division. “This means running a private LTE system is a necessity for each company. We will lead the market with diversified IoT solutions.”