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KT acquires 10% stake in Hyundai Robotics for KRW 50 billion

2020-06-18 12:18:00| Telecompaper Headlines

(Telecompaper) South Korean operator KT has signed a cooperation agreement and investment contracts with Hyundai Robotics. The two partners plan to collaborate on digital transformation based on 5G, artificial intelligence (AI) and smart factory applications. Under the terms of the deals, KT will acquire a 10 percent equity stake in Hyundai Robotics for KRW 50 billion.

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