Hyundai Heavy Industries Inks MOU on Robot Business with Naver Labs

The Robot Business Division of Hyundai Heavy Industries Holdings, the No. 1 robot company in Korea, has signed an MOU on the robot business with Naver Labs, a research and development corporation of Naver, the largest internet company in Korea. The two companies announced on May 28 that they held an MOU ceremony, with the participation of Yoon Jung-keun, head of the Robot Business Division and Song Chang-hyun, CEO of Naver Labs, at Hyundai Building in Gyeongdong in Seoul. Through this MOU, the two companies will join forces in the development and production of service robots. Hyundai Heavy Industries will take charge of production, sales, quality control, and development of service robots based on its capability to commercialize robots. Naver Labs will be in charge of technology research and development and the development of system and application software for robot production.