LG Uplus and Verizon team up for industrial IoT

Korea’s LG Uplus has announced plans to expand its IoT business into industrial sectors through a partnership with Verizon.
LG Uplus currently stands as Korea’s third-largest mobile carrier, and claims to have 75% IoT market share in the country. According to the Korea Times, the partnership will aim to share LG Uplus’ generalist IoT expertise in exchange for Verizon’s skills in the business-to-business sector. The tie-up between the two will mirror partnerships between A