LG Innotek Partners with Kakao Mobility for Self-Driving Technology

The two companies recently signed a memorandum of understanding (MOU) at LG Innotek’s headquarters in Seoul, South Korea to work together on developing autonomous driving solutions.

As part of the partnership, LG Innotek will use real-world driving data from Kakao Mobility to improve the performance and quality of its autonomous driving sensor modules.

Kakao Mobility plans to use LG Innotek’s sensing technology in its autonomous driving data system, which automatically handles everything from collecting driving data to training AI models and deploying them.

"The partnership with Kakao Mobility is a great opportunity to advance LG Innotek's sensing technology," LG Innotek President Moon Hyuk-soo said. "We will provide customized sensing solutions to customers in new fields such as robots and drones, as well as autonomous driving, and become a top-tier player in physical AI sensing." Ryu Geung-seon, CEO of Kakao Mobility, said, "We will secure high-quality driving data and accelerate the acquisition and internalization of end-to-end (E2E) autonomous driving core technologies."

LG Innotek sees sensing modules for physical AI applications as an important future growth business. The company aims to achieve 2 trillion won (around $1.32 billion) in sales from this business by 2030.

LG Innotek has been quickly expanding its partnerships with global technology companies to gain an early advantage in the growing physical AI market. In March, the company partnered with Applied Intuition to jointly develop autonomous driving solutions.

Last May, LG Innotek also signed an agreement with Boston Dynamics to develop vision sensing systems for humanoid robots.

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