Its accelerated foray into the private 5G network market is expected to help the company offer more products and services in the B2B sector to smart factories, logistics centers and data centers as a turnkey solution.“LG Electronics’ B2B business is not limited to single product supply,” said CEO Cho.“The company plans to pursue a sustainable growth of its high-value-added business that offers a customer an all-in-one service with diverse products for a special space.” By Jeong-Soo Hwanghjs@hankyung.comSookyung Seo edited this article.
LG Electronics has been accelerating its push to win the private 5G network race on expectations that the private 5G business will create great synergy with its other business-to-business (B2B) services and products such as automated mobile robots and automated guided vehicles mainly used in smart factories, logistics centers and hospitals.
THE PRIVATE 5G NETWORK MARKET IS SET TO BURGEONThe private 5G network service boasts ultra-high speed, ultra-low latency and highly reliable connectivity, key in the operations of smart factories, robot-driven logistics and hospitality services, and other various industrial automation systems.
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