Korean Economy News
Hyundai Heavy Industries teams with Naver to venture into service robots

By Woo Je-yoon and Minu Kim

Hyundai Heavy Industries Holdings said on Monday its robot business division has signed a memorandum of understanding with Naver Labs on partnership in service robots based on its experience in industrial robots.

Under the MOU, Hyundai Heavy Industries Holdings will be responsible for the production, sales, quality control and development of service robots, while Naver Labs Corp., R&D subsidiary of South Korea’s leading online portal operator Naver Corp. will be responsible for research and software development to support robot manufacturing.

The two are aiming to commercialize a robot called M1 that creates a three-dimensional indoor precision map and an indoor autonomous service robot called AROUND that can travel and provide services along the pathway of the map. The M1 and Around robots were conceptualized by Naver Labs.

Hyundai Heavy Industries Holdings will set up a separate service robot production line at its Daegu Robot Factory and has a plan to begin mass production to lower the market price.

These robots are expected to be widely used at airports, large shopping malls, gas stations, hotels, large bookstores, factories, and so on, according to the company.

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