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Freitag, 4.12.2020
eGovernment Forschung seit 2001 | eGovernment Research since 2001

The Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corp. announced on Oct. 8 that the Sejong O1 consortium led by LG CNS has been selected as the preferred bidder for the Sejong Smart City project.

The project is to build a smart city in a 2.74 million square meter area in Hapgang-ri, Sejong City. The total cost of the project scheduled to be completed in April 2023 is 2.5 trillion won. The city is expected to come with smart IT services such as autonomous driving, telemedicine, smart education, drone-based delivery and smart traffic light control.

The new city will be run on the company’s O1 City Hub. It is an integrated smart city platform upgraded from the City Hub developed two years ago. The latest version is to gather and share urban management data ranging from traffic and finance to environment, energy, safety and security.

LG CNS has participated in the ministry’s ubiquitous and smart city projects since the 2000s, including the Pangyo U-City project in 2008 and the Cheongna U-City project in 2010. In addition, it took part in the T-Money project of Seoul to accumulate know-how in mobility system operation as well. According to MarketsandMarkets Research Private Ltd., the global smart city industry is expected to grow from US$308 billion to US$617.2 billion from 2018 to 2023 to show an average annual growth of 18.4 percent.

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Autor(en)/Author(s): Kim Eun-jin

Quelle/Source: Business Korea, 12.10.2020

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