June 16 - 12:06
KT pays $41 million for 10% stake in Hyundai Robotics
Korea Telecom has taken a 10% stake in Hyundai Robotics. South Korea's biggest telecoms provider has forked out $41 million for its share of the robotics company. They will collaborate on "intelligent service" robots while also conducting new research into automation and smart factories. Hyundai first created a separate robotics division back in 2017 but Hyundai Robotics was founded this year.
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