Volvo's cars to be sold in South Korea in 2021 will use SK Telecom's (SKT's) integrated in-vehicle infotainment service.
SKT's IVI service will be among the basic specifications for all 2022 Volvo models in South Korea to be released in the second half of 2021.
Updates of the latest features will be done through a wireless network.
The joint technology development agreement between SKT and Volvo Car Korea marks the first time that SKT's integrated in-vehicle infotainment (IVI) service will be used in mass-produced vehicles marketed in South Korea.
By combining its IVI service with various other services such as an artificial intelligence platform and a car navigation platform, SKT aims to provide drivers with real-time guidance and various connectivity functions.
The IVI service addresses many customers' needs, such as real-time location information and fine dust checks.
SKT has tried to hook an infotainment system onto 5G networks and would consult with Volvo on how to provide ultra-high-quality media services in real-time and in-car payment.
In January, SKT signed a memorandum of understanding with Chinese electric vehicle maker Byton for the development of automotive solutions such as an in-vehicle infotainment system for the latter's cars that would be released in South Korea.


Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 



