Ethereum Seen as Amazon of the 90s by Analyst: Is Wall Street Missing Out? 
India's Manufacturing Sector Rebounds in October, Boosting Job Creation and Business Outlook 
New Home Prices in China Rise Amid Market Recovery Efforts 
Reserve Bank of Australia Expected to Hold Rates Steady Amid Inflation Concerns 
Crypto Markets Could Swing Wildly if US Election Results Remain Unclear, Analysts Say 
U.S. Job Growth Expected to Slow Amid Hurricanes and Strikes 
South Korea's Export Growth Falls to Seven-Month Low Amid Global Demand Concerns 
Indonesia's Inflation Eases, Core Inflation Surges Amid Economic Challenges 
Westpac Profit Dips 3% as CEO Departs, Eyes Interest Rate Cuts to Boost Lending 
GRASS Price Jumps 60% After Airdrop Hits 1.5M Wallets, Market Cap Nears $450M 
Tesla Closes $499 Million Solar Loan Debt Sale, Boosting Asset-Backed Securities Market 
Ukraine Urges Russia for Transparent Prisoner Swap List Amid Accusations of Sabotage 
Kamala Harris Leads Trump in New Iowa Poll, Driven by Women Voters 
XRP Climbs Above $0.50 as Bullish Signal Points to Recovery, Boosting Investor Confidence 
Trump Pledges 100% Tariff on Stellantis for Potential U.S. Job Relocation to Mexico 
Shiba Inu Whales Amass 2.34 Trillion SHIB in 24 Hours: Preparing for a Rebound? 
Macquarie Group Reports Lower-Than-Expected First-Half Profits Amid Commodities Slowdown 
KT Corp. and Coway Co. Ltd. agreed to team up and work together for the development and production of artificial intelligence (AI)-based home appliances. Their partnership deal was revealed on Wednesday, Nov. 30.
KT Corp. and Coway will be cooperating to make the quality of life better for their customers by combining their expertise and applying them to create smart home appliances and other technologies.
Moreover, the leading South Korean mobile telecom and home appliance rental company is expected to create a positive synergy effect through the expansion of sales channels. According to The Korea Times, under the terms of their agreement, KT and Coway confirmed that they will collaborate to develop advanced home digital technologies.
They will also combine their products and form new market units such as appliances for solo households or for pets. The companies are also planning to expand their joint business and enter foreign markets.
Business experts said they see this strategic partnership in a very positive light because the companies can fill up for each other's weak points. The agreement comes as KT is looking to become a digital platform provider and has been in search of opportunities to diversify the use of its own AI technology.
On the other hand, Coway wants to refine its software capability so it can catch up and compete better with the current market leaders - LG and Samsung. To be more specific, the home appliance maker is mulling over the integration of KT's GiGA Genie AI platform into its air and water purifier appliances. The company may also use the platform in other products that it will make in the future.
KT and Coway will also improve facilities for their respective customers by offering more advanced customized services. The two companies may also make different devices compatible with each other’s products.
Finally, as per Aju Business Daily, KT and Coway will form smart home services to launch joint subscription plans, such as combining the telecom’s internet and mobile plans with the latter’s home appliance rental subscriptions.
