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Siemens Korea Digital Industries Joins Hands with CJ OliveNetworks for the Development of Smart Factory Business

According to the MOU, the two companies will collaborate to develop applications based on hardware and software for facility control, including PLC (Programmable Logic Controller) and SCADA (Supervisory Control and Data Acquisition) systems; expand marketing and sales activities to promote smart factory business using internal and external, on- and off-line distribution channels; and provide technical support for the design and installation of smart factories.
Siemens Korea will be responsible for supply and maintenance of hardware and software, including PLC and SCADA, sharing its digital solutions and the state-of-the art technologies in machine equipment. CJ OliveNetworks will be responsible for the implementation of smart factories, the management and operation of related facilities and the co-development of the business inventory. Both companies are expected to create synergies by combining know-how and expertise in the field of on- and off-line distribution, further strengthening the competitiveness of the smart factory business.
Thomas Schmid, Head of Digital Industries at Siemens Korea said, “As a leader in digitalization, we will contribute to improving CJ OliveNetworks’ competitiveness by sharing technical know-how for the successful implementation of smart factories.” He added, “Siemens Korea, as a partner that supports digital transformation for companies in Korea, will continue to promoting and expanding the smart factory ecosystem in Korea through our industry-leading technologies and comprehensive digital portfolios.”
"By combining OT and hardware capabilities into current solution-oriented business, we aim to establish a total service platform for smart factories and further strengthen business competitiveness,” said InHyok Cha, CEO of CJ OliveNetworks. “Through this collaboration, we will be able to expand our business to the new Industry 4.0 sectors, including industrial IoT, AI-based predictive facility maintenance, and factory energy management systems.”

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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at
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