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An MOU with NAVER LABS for Cooperation in the Robotics Industry

Author 홈페이지관리 | Date 2018.05.28

 

 On May 28, 2018, Hyundai Robotics signed another memorandum of understanding (MOU) with NAVER LABS, an R & D subsidiary of the NAVER Corporation, for cooperation in the robotics business.


 Under the MOU, Hyundai Robotics will be responsible for the manufacturing, sales, quality control, and co-development of robots, while Naver Labs undertakes the R&D of robot manufacturing technologies and develops related systems and applications. The two firms plan to produce the industry’s first commercial autonomous robots. They seek to achieve that goal by minimizing the use of high-priced sensors and parts to lower the manufacturing to a tenth of the cost of conventional autonomous robots, all the while ensuring smooth operation and functionality.


 The MOU is expected to propel Hyundai Robotics beyond the No. 1 industrial robotics firm in Korea and expand its operations to the service robot market.



 

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