Internet of New Things

Baek Ki-seung (right), the head KISA, and Qualcomm President Derek Aberle (left) pose for a picture following an MOU signing ceremony between the two parties to foster Korean small and mid-sized IoT companies at KISA's headquarters on Oct. 1.
Baek Ki-seung (right), the head KISA, and Qualcomm President Derek Aberle (left) pose for a picture following an MOU signing ceremony between the two parties to foster Korean small and mid-sized IoT companies at KISA's headquarters on Oct. 1.

 

The Korea Internet & Security Agency (KISA) announced on Oct. 1 that it has decided to strengthen cooperation with Qualcomm, the world's largest mobile chipset maker, to provide support for local small and medium-sized enterprises (SMEs) in the Internet of Things (IoT) area.

Both sides signed a Memorandum of Understanding (MOU) to pursue projects aimed at cultivating and nurturing IoT SMEs in the nation at KISA's headquarters in Seoul on that day.

The organizations are going to cultivate and provide customized support such as training and marketing for selected IoT companies in the first half of next year, and to help them hold events to showcase their products involving companies and investors at home and abroad.

To facilitate win-win cooperation between local IoT SMEs and global companies, KISA opened the IoT Innovation Center in May of last year, running a global public-private consultation body in the IoT field, in which 22 large companies at home and abroad participate, including Qualcomm, IBM, Naver, and SK Telecom.

Currently, the agency is fostering and providing support for 15 local IoT start-ups, together with IBM, Naver, and SK Telecom.

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