[Photo provided by KT Corp.]
South Korea’s telecom giant KT Corp. announced Friday that it signed a memorandum of understanding with Malaysia’s Iskandar Innovations Sdn Bhd (IISB) to set up a virtual reality (VR) center in the country’s southern state Jorhor, famous for the country’s first international theme park Legoland.
IISB is a wholly-owned subsidiary of Iskandar Investment Berhad (IIB), an investment firm established for the purpose of attracting investment to promote economic development of Johor.
KT will build a VR center inside Legoland Malaysia’s shopping area in Iskandar in Johor, a region that is adjacent to Singapore and frequently visited by tourists for the international theme park. Johor state’s average income level is higher than that of other states in Malaysia.
The VR center will become KT’s first VR experiment center to be built with its own VR and telecommunications technologies in the overseas market. The company also plans to cooperate with IISB in various businesses including 5G network, energy and security.
Datuk Ir. Khairil Anwar Ahmad, president and chief executive officer of IIB, said that the partnership with KT would help it develop new solutions in VR and augmented reality (AR).
By Kim Gyu-sik and Choi Mira
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