Hyundai Motor, KORAIL partner to develop mobility-centered smart city infrastructure

SEOUL, April 22 (Yonhap) -- Hyundai Motor Group said Tuesday it has partnered with the state-run Korea Railroad Corp. (KORAIL) to jointly develop mobility-themed smart city infrastructure around train stations across South Korea.

Under a memorandum of understanding (MOU) signed Monday, the two sides will collaborate on new smart city infrastructure projects in areas around train stations and other KORAIL-owned sites across the country.

The MOU signing ceremony was held at a KORAIL office in Seoul, attended by Hyundai Motor Vice President Kim Heung-soo and KORAIL Vice President Jung Jeong-rae.

The group said the partnership reflects its commitment to utilizing its technological capabilities to create smart city technologies, while KORAIL aims to transform itself into a comprehensive mobility service provider.

KORAIL plans to apply Hyundai's mobility solutions to its train station development zones, creating smart city infrastructure with the concept of mobility at their core.

"This partnership is a meaningful opportunity to work with KORAIL in introducing mobility solutions and integrated services into transport-centered smart cities," Kim said.

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