OT Hosts Prime Minister of Republic of Korea and Strengthens Longstanding Partnership with Signature of 2 Significant Agreements
18.9.2015 10:19 | Business Wire
Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space today hosted the Prime Minister of the Republic of Korea, Mr. Hwang Kyo-ahn, at its Headquarters and strengthened its longstanding partnership with the country with the signature of two significant commercial and R&D agreements.
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Didier Lamouche, CEO of OT and Hwang Kyo-ahn, Prime Minister of the Republic of Korea (Photo: Business Wire).
OT has built strong bilateral relationships with the Republic of Korea over a number of years. OT has been providing its technologies to financial institutions since 2006 and has provided its embedded Secure Elements (eSE) to Samsung Mobile since the Galaxy S4. OT is also Samsung’s first partner in Europe for deploying NFC services, in particular Mobile Payment with Samsung Pay. Furthermore, OT opened an R&D center in Seoul in July 2015 dedicated to security technologies for Smartphones and Mobile devices. This visit, organized at the start of the Year of the Republic of Korea in France, was also an opportunity to highlight OT’s know-how, in particular in terms of OT Motion Code™ and Lasink™.
The two agreements signed in the presence of the Prime Minister, Hwang Kyo-ahn and OT President & CEO Didier Lamouche covered:
- A Memorandum of Understanding between OT and the Korea Trade-Investment Promotion Agency (KOTRA) aimed at increasing cooperation and coordination to further develop bilateral exchanges between OT and Korean companies.
- A partnership between OT and the Korea Advanced Institute of Science and Technology (KAIST) to sponsor R&D programs at KAIST, as well as welcome KAIST graduates for their internships either in OT’s R&D center in Korea or in France.
“OT is honored to host the Prime Minister’s visit today to our OT Labs which is a tribute to our very well-established partnerships with the Republic of Korea and its leading smartphone makers among the largest brands in the world” said Didier Lamouche, President & CEO of OT. “The partnerships we have signed today demonstrate our determination to go even further from a business, R&D and educational perspective to help Korean companies and graduates develop internationally”.
“KOTRA is delighted to partner with OT which will result in additional investment to support Korean companies in developing services such as secure mobile payment internationally” said Mr Kihyung Choe, Director General of KOTRA Paris.
“Our goal at KAIST is to cultivate top-level security experts in security technologies. By partnering with such a leader in security technologies as OT, we know that we will both help shape tomorrow’s security solutions for the IoT space” said Prof. Kwangjo Kim, School of computing, KAIST.
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smartphones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including 700 R&D people. With more than 50 sales offices across 5 continents and 1 manufacturing hub by region, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com
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