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[CUBE NEWS] Seoul City to Invest 1.2 Million Dollars in Building Smart City | 서울시, 스마트 시티 조성에 1조 4000억원 투자

Seoul City is expected to transform itself into a smart city with 50,000 IoT sensors operated by 2022. On April 13, Seoul Mayor Won-soon Park announced his plan to invest 1.4 trillion won (≒ 1.2 million USD) by 2022 to create a smart city.
The core of smart city stressed by Mayor Park Won-soon on the same day is big data. The plan was to expand to 'smart administration' that collects urban data with 50,000 IoT sensors and establishes optimal policies for citizens' needs. In particular, the company said it will also establish a 'private, and public big data platform' by 2020 for joint use with private big data companies such as finance, distribution, portals and telecommunications.

In the transportation sector, the company will introduce 'IoT Shared Parking System' that checks whether a car can be parked in real time with IoT technology, including the world's first 5G Converged Self-driving Test Bed, and 'AI Taxi' service that connects drivers an…

Autonomous Car Contract Signed with Korean Government Agency

Cube Intelligence

March 5th 2018

Cube Intelligence is happy to announced that they have signed a contract with the Transportation Science Technology Development Agency under the Korean Ministry of Land, Infrastructure, and Transport . Cube is selected as one of the autonomous car research institutes and is contracted with the Transportation Science Technology Development Agency for 4 years. They will be performing a research study on “the safety evaluation technology of the autonomous car”



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