South Korea’s major wireless carrier KT Corp. will provide artificial intelligence (AI)-based video security and building energy control services to 70 nationwide commercial buildings managed by IGIS Asset Management.

The telecommunications company said on Wednesday it has signed a memorandum of understanding for partnership with its real estate management company KT Estate, leading local asset manager IGIS, and Core Value, a subsidiary of IGIS, to supply its AI-backed smart building management systems to IGIS’s buildings in the country. IGIS is the country’s largest asset manager with 70 plus commercial buildings in Korea and 23 properties overseas under management.

KT said its intelligent building energy saving solution `GiGA Energy Manager` is available initially for 26 buildings under management of IGIS. KT’s intelligent video security service `GiGA Eyes` will be applied to NOON SQUARE, a shopping complex in Myeong-dong, bustling shopping town in downtown Seoul, and V-PLEX, an office building in Gangnam, by the end of this year.

GiGA Energy Manager is a service that visualizes energy consumption and diagnostic results via a PC or mobile device and helps optimize building energy cost and consumption. On top of security services, GiGA Eyes provides intelligent image analysis, alarming, and full HD real-time video monitoring and data archive services. These services and an integrated control platform, a new building remote control solution under development by KT Estate, will be applied to all buildings managed by IGIS in the future.

KT said the partnership with IGIS Asset Manager will be a starting point for expanding its collaboration in intelligent building control systems and other various applications. KT has been seeking to broaden its business scope beyond its mainstay telecommunications business, which is saturated, and investing in the development of internet of things (IoT) and AI technologies to advance into smart car and building management industries.

By Kim Gyu-sik and Minu Kim

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]