GS Caltex is moving hand in hand with KT to maximize synergy in the communications and energy industry
KT and GS Caltex have agreed to maximize synergy through a strategic alliance in communications and energy.
On May 18, the two companies signed an MOU to promote the growth of future industry at the Hotel Grand Intercontinental located in Samsung-dong, Seoul, with KT Chairman Lee Suk-chae, GS Caltex Chairman Heo Dong-soo and 20 senior executives in attendance.
Through this strategic alliance, the two companies have agreed to share next-generation smartphone payment solutions, establish premium Wi-Fi zones “Qook & Show Zone,” cooperate in the development of a Smart Grid, which is emerging as a next-generation electricity business, and finally to develop an environment-friendly green business.
To that end, KT and GS Caltex plan to allow GS Caltex’s approximate 400 gas stations around the nation to provide mobile smartphone payment services, allowing the integrated use of credit cards and the accumulation of membership points and discount coupons.
In addition, the two companies are planning to establish “Qook & Show Zone” in nation-wide GS Caltex gas stations starting July in order to allow customers unlimited use of wireless Internet services.
Moreover, the two partners plan to cooperate with each other to develop new wireless data services for gas stations. As for smart grid business, the two partners are planning to jointly participate in a consortium on “Jeju Island’s Smart Grid Complex” driven by the Ministry of Knowledge and Economy.
KT CEO Lee Seok-chae said that KT and GS Caltex will introduce new convergence products to customers. In addition, GS Caltex CEO, Heo Dong-soo said that the partnership would create a brand new paradigm, bridging energy and communications. He added that the strategic alliance with KT would hopefully serve as an opportunity to escalate the status of the nation’s energy industry.
Meanwhile, GS Caltex, on May 9, held a “painting contest for green environment” at 88 Playground at Seoul Olympic Park and Haneul Square, involving 20,000 people, including 6,000 elementary students and their parents.
In addition, the energy company has held a variety of events under environmental themes, such as a showcace for a special solar energy-powered and pollutant-free train.