Sharing Experiences and Networking

Lee Jung-kwan (left), head of the Global Business Division at LH Corp., and Park Chan-woo, executive director of Hyundai Engineering, pose for a photo after signing a memorandum of understanding at the Office of LH Corp. on July 10.

Korea Land and Housing Corp. (LH Corp.) and Hyundai Engineering announced on July 12 that they have signed a memorandum of understanding (MOU) to jointly promote overseas smart city development projects.

Under the agreement, they will cooperate in developing overseas smart city projects, promote a joint entry into urban development project markets in ASEAN countries, share experiences in carrying out overseas construction projects, and cooperate in developing technology for smart cities.

The agreement is expected to help the two companies to maximize synergy by sharing experiences and networking.

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