LGU+, MOU for Level 4 Autonomous Driving Development with 'No Driver Intervention'

RideFlux Signs MOU for Autonomous Driving Development
'Level 4 Demonstration Success' Software Startup
Partners with LGU+ to Advance Unmanned Autonomous Driving Technology

LG Uplus announced on the 28th that it has signed a Memorandum of Understanding (MOU) with autonomous driving startup RideFlux for the development of 'unmanned autonomous driving technology.'

(Left) Park Jung-hee, CEO of RideFlux, and Jeon Young-seo, Head of LG Uplus Enterprise Service Development LAB, are taking a commemorative photo for the MOU signing / Photo by LG Uplus

The signing ceremony held at the RideFlux headquarters in Jeju was attended by key executives including Jeon Young-seo, Head of LG Uplus Enterprise Service Development LAB, and Park Jung-hee, CEO of RideFlux.

RideFlux is a company that develops autonomous driving software. In 2021, it launched the country's first free-route autonomous driving service and operated the longest-distance autonomous driving transportation service in Korea, connecting Jeju Airport and the Jungmun Tourist Complex.

In November last year, RideFlux succeeded in demonstrating Level 4 autonomous driving, which allows driving without driver intervention under designated conditions.

Through this MOU, the two companies plan to develop AI-based systems such as remote control, remote driving, dedicated 5G communication for autonomous driving, and quantum security, and cooperate to build safer and more advanced unmanned autonomous driving technology.

LG Uplus plans to utilize dedicated 5G communication technology throughout the entire driving process to remotely control vehicles so that cars can arrive at their destinations and park unmanned in the Level 4 autonomous driving market, thereby enhancing vehicle safety and traffic system efficiency.

LG Uplus intends to focus on developing the 'AI Autonomous Driving Urban Environment Management' service specialized for unmanned autonomous driving based on RideFlux's autonomous driving data and vehicle-to-everything (V2X) technology.

They will apply unmanned autonomous driving technology to special-purpose vehicles such as road cleaning, fine dust control, and disinfection, establishing a control service that can manage vehicle driving, dispatch, and routes in real time.

Using AI technology to grasp real-time road conditions, the service will adjust cleaning intensity or immediately assess emergency situations to prevent accidents through remote control.

Additionally, they will jointly develop and demonstrate cargo autonomous driving technology and expand strategic business cooperation with LG Uplus's cargo transportation brokerage digital transformation (DX) platform 'Hwageul Itgo.' They will share technologies and know-how in areas such as 5G-based low-latency communication, AI, and autonomous driving, and explore joint business models.

LAB Head Jeon said, "Through close cooperation with RideFlux, we will continue to introduce innovative customer experience services using AI in the autonomous driving ecosystem."