http://www.etnews.com/20190108000401  

Interest in Internet of Things (IoT) telecommunications companies is on the rise ahead of the revision of the telecommunications business law, which is a major shift in the registration of telecommunications carriers.

Innonet, a maker of TV white space (TVWS, digital TV idle band) equipment, is preparing to switch to IoT specialized telecommunications company since June when the amendment is implemented.

Not only does it produce equipment but also wireless network construction, service, operation and maintenance, it has the requirements of a professional carrier.

Hosang Yoo, CEO of Innonet, said, “Even if entry regulations are relaxed, basic requirements including financials should be maintained.” “We are also preparing business models and business plans.”

Dr. Yoo hoped that the transition to an IoT specialized carrier would help not only expand the business area but also expand overseas. The company plans to discover business models that were difficult for simple manufacturers. Above all, the company value and customer trust are expected to increase.

Dr. Yoo said, “In the past, we formed a consortium with a telecommunications service provider and participated in the business, which made it less profitable and it was difficult to develop a new market.”