At the business agreement signing ceremony for ‘Ieum 5G-based digital management innovation in the railway sector’ held at LG Science Park in Seoul on the 8th, LG Electronics CEO Joo Joo-wan (right) introduced the transparent OLED display to KORAIL President Han Moon-hee. there is. LG Electronics
LG Electronics and Korea Railroad Corporation announced on the 10th that they signed a business agreement (MOU) for ‘digital management innovation in the railway sector based on 5G’ at LG Science Park in Magok, Seoul on the 8th.
In this agreement, the two companies decided to ▲ build a pilot 5G network within railway facilities ▲ develop and verify technologies specialized for railway services and operations ▲ discover new business models.
Ieum 5G is a customized 5G network provided to specific spaces such as smart factories and smart offices. By using a dedicated frequency rather than a commercial network, data transmission speed is fast and stability and security are excellent. LG Electronics evaluated itself as having world-class technology, including over 30,000 communication patents, and know-how through pilot operations in various spaces such as smart factories, university hospitals, and logistics centers. Recently, it became the first 5G solution to obtain ‘domestic network equipment certification’, which is granted by the Korea Network Industry Association after examining domestic development and production, and was also recognized for internalizing core technology.
The two companies agreed to cooperate to accelerate digital transformation (DX) in railway business operations by leveraging LG Electronics’ 5G technology. Accordingly, the 5G solution demonstration project will be carried out at three railway facilities, starting with Seoul Station, Siheung Depot, and Guro Substation. This is the first time that the 5G solution is being applied to domestic railway facilities.
In the case of Seoul Station, the Ieum 5G solution is applied to the CCTV and alarm system on the platforms to increase the safety of users. For example, when a fall is detected on the track, the alarm is quickly transmitted to a moving train to prevent an accident. At Siheung Vehicle Depot, the Eum 5G solution is applied to ‘Condition-Based Maintenance (CBM)’, which receives vehicle status in real time through various sensors installed on trains and performs maintenance at an appropriate time. This method is preferred because it has superior operational efficiency compared to the method of maintenance after a breakdown occurs or based on a set cycle.
In the long term, LG Electronics and KORAIL plan to create a 3D virtual world identical to actual railway facilities such as Seoul Station and Siheung Depot, collect data, and build a ‘digital twin’ that integrates control of the real world based on the data. IUM 5G is considered an essential component for building a digital twin that requires rapid exchange of large amounts of data. In addition, the two companies will join forces to discover Ium 5G business models specialized in the railway sector through various solution demonstration projects based on Ium 5G, such as LED signage, guidance and logistics robots, and wearable equipment.
Meanwhile, according to market research firm Market & Market, the global 5G market size is expected to reach about $11.8 billion in 2028, up from about $2 billion last year.
Jo Joo-wan, CEO of LG Electronics, said, “With 5G, we will contribute to the digital transformation of the railway industry by adding control, safety, and maintenance solutions.”
Reporter Oh Hyun-seung hsoh@segye.com
Source: www.segyebiz.com
