SM Group will join hands with Samsung C&T's construction division and its home platform "Homeniq" to pursue technological cooperation to advance smart residential services.
SM Group's construction division said on the 12th that it signed a memorandum of understanding on the 11th at SM Group's Sinchon headquarters in Seodaemun-gu, Seoul, with Samsung C&T's construction division to cooperate on providing smart residential services and exchanging technology. Attending were Lim Dong-bok, head of SM Group's construction division (president); Lee Ki-dong, CEO of Kyungnam Enterprise (president); Kim Gwang-hyeon, head of the construction division's design team (senior managing director); and Lee Ju-yong, head of Samsung C&T's construction division DxP Business Unit (executive vice president); Ji So-young, head of the H&B Platform Business Team (senior managing director); and Kwon Yong-deok, head of the Homeniq Business Group.
Homeniq, introduced by Samsung C&T's construction division in Aug. 2023, is an all-in-one home platform that integrates a variety of smart residential services through a dedicated application (app). Regardless of brand, appliances and Internet of Things (IoT) devices can be controlled collectively in the app, and it also includes a range of resident-friendly features such as paying maintenance fees and registering parking.
Under this agreement, Homeniq services will be provided at new complexes of "Gyeongnam Honorsville" and "Woobang IU Shell" to be built by SM Group's construction division. Residents are expected to enjoy a full range of smart residential services, including home IoT control, checking notices and paying maintenance fees, parking registration, booking community facilities within the complex, and managing energy use.
In addition, the two companies plan to continue exchanging technologies related to smart residential services across a wide range of fields, including artificial intelligence (AI) parking services and reducing inter-floor noise.
Lim Dong-bok, head of SM Group's construction division, said, "With this strategic partnership, we will realize differentiation in smart residential services and work harder to provide a residential environment that aligns with future value for our customers," and added, "In line with this year's management policy of 'ceaseless innovation and unwavering trust,' we will actively engage in the upcoming technological cooperation to create new values that lead the industry."