LG, Microsoft join forces on mobile convergence

LG Electronics Inc. and Microsoft Corp. have signed of memorandum of understanding (MoU) to form strategic collaboration in mobile convergence. The agreement was signed in Seoul by Yong Nam, vice chairman and CEO of LG and Steve Ballmer, CEO of Microsoft.

The MOU ensures continued strategic collaboration in R&D, marketing, applications and services in the field of converged mobile devices. The proposed partnership also reflects both companies' commitment to leverage technology, resources and expertise by joining forces with leading players in key markets.

In particular, as a part of its strategy to reinforce LG's global competitiveness in smart phone, LG sets mid to long term goals and documentaries number of products, R&D, marketing and service to meet these goals. Under the MoU, converged mobile device business will be reinforced through incorporating LG's core competences in marketing and products in mobile and IT sector and Microsoft's proficiency in Windows Mobile OS, application, and service.

"This agreement between LG and Microsoft will create critical momentum in the industry," said Yong. "With this partnership, mobile computing will truly become an everyday reality, and LG and Microsoft will be at the forefront of it."

"This MoU further strengthens Microsoft relationship with LG and demonstrates our joint commitment to delivering the most innovative mobile experiences to our customers," said Ballmer. "We are excited that leading mobility solutions providers, such as LG, are aligning with our vision for mobility."