KT and S-OIL announced that they signed a business agreement for the development of a ‘platform based futuristic gas station (Smart Station)’ at the KT Gwanghwamun East Building IN Jongno-gu, Seoul.
KT and S-OIL will develop futuristic smart stations that provide differentiated services to customers using S-OIL service stations by leveraging KT’s platform, IoT, Big data, energy technologies, and know-how.
Major cooperation points are: Innovation of operating platform of gas station with internet connection, Improvement of ICT infrastructure of gas stations, development of efficient gas station operation plan through linkage and analysis of bid data, and establishment of differentiated marketing platform to expand individual and corporate customers.
Under the agreement, S-OIL plans to apply KT’s ‘Connected Car Commerce’ solution to gas stations and smartphone apps. The Connected Car Commerce solution is a service that allows automatic payment without a physical card as the vehicle itself becomes a credit card.
With this solution, customers visiting S-OIL gas stations can use their apps to input information and pay for gasoline more quickly and conveniently than the existing services. Furthermore, S-OIL’s 2400 gas station operators can easily manage their own business.
In addition, KT is going to improve its gas station environment by utilizing its platform-based solutions such as IoT display board, Giga Eyes, and Giga Energy Manager (K-MEG), as well as display its ability to analyze large data such as floating population and commercial markets.
In preparations for the 4th industrial revolution era, KT and S-OIL plant to unveil new business models related to automobiles by fusing the capabilities of both companies; furthermore, both companies will provide 5G, ‘LTE for enterprise’, ‘Narrowband Internet (NB-IoT)’, ‘Connected Car’ systems, and know-hows about the oil market.