Kolon Industries, KT and Nokia on Wednesday signed a memorandum of agreement in Seoul on codeveloping Internet of things-related fashion products and services incorporating 5G communications technology. The partnership will later expand into construction and home IoT products, officials said. From left: Kolon Industries Business Strategy Division Chief Oh Won-sun, KT Executive Vice President Kim Hyoung-wook, Nokia Market Unit Korea Head Andrew Cope, Kolon Industries Operation TARDIS Executive Vice President Yim Sung-bin, KT Senior Vice President Kim June-keun and Nokia Market Unit Korea CFO Michael Ransmann (Kolon Industries)