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LG ELECTRONICS, HYUNDAI MOTOR AGREE ON TECHNICAL TIE-UP.
SEOUL, Dec 1 Asia Pulse - LG Electronics Inc. (KSE:66570) and the Hyundai Motor Group have agreed on a technical association in the car multimedia field, industry sources said Monday.
They said the two recently signed a memorandum of understanding to cooperate in multimedia technologies, mainly telematics.
As a result of the agreement, the country's second-largest electronics company will provide the world's eighth-biggest automaker with telematics terminals and related technologies. On Monday, Hyundai launched a telematics service called MOZEN.
Telematics is a combination of telecommunications, computing and data communications between systems and devices. It also refers to systems used in automobiles that combine wireless communications with GPS (global positioning system) tracking.
Hyundai will add the telematics technology to ...
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Source: HighBeam Research, LG ELECTRONICS, HYUNDAI MOTOR AGREE ON TECHNICAL TIE-UP.