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Lotte Innovate CEO Kim Kyung-yeop: Mobility Business to Grow 300% by 2030
Mobility2 min read
Lotte Innovate, a Korean IT and data company, plans to grow its mobility (moving-around technology) business more than 300% by 2030. Its CEO, Kim Kyung-yeop, shared this plan at an international smart transport meeting in Gangneung.
What happened
On the 19th, at a press briefing during the 2026 ITS World Congress in Gangneung, CEO Kim Kyung-yeop said the company wants to grow its mobility business by more than 300% in the medium to long term, by 2030. The company wants to become a firm that uses AI (artificial intelligence) to make traffic safer and roads run better, and that connects every step of a trip.
Key numbers and facts
- Growth goal: more than 300% for the mobility business by 2030.
- Self-driving shuttle 'MUVU' has run in 9 areas over the past 6 years.
- MUVU has driven a total of 110,000 km and carried 40,000 passengers.
- Company says it has more than 10 years of building experience in traffic systems.
Background
Lotte Innovate already works in data centers, smart factories, and logistics. Now it wants mobility to be a third main growth area. Its strengths are traffic infrastructure and highway toll collection. The company plans to use its own AI to upgrade smart tolling, which lets cars pass toll gates without stopping, even without a Hi-pass device. It is also working on C-ITS (next-generation smart transport systems) and self-driving tech. Talks with Malaysia and Mexico about overseas projects are underway, and the company plans to use AI to read foreign license plates more accurately.
Why it matters
This shows a large Korean company betting that self-driving and smart traffic will become big markets. The CEO said the self-driving market needs at least 3 more years to mature, so the company will first win public projects to build a track record. By 2027 to 2028, it plans to offer its mobility products as one combined platform. Its goal is to show its technology abroad and turn it into real overseas business.
What to watch
- Whether Lotte Innovate signs overseas smart toll deals, such as in Malaysia or Mexico.
- Progress on the combined mobility platform planned for 2027 to 2028.
- How the company expands self-driving services to commercial vehicles and service robots with partners.
- Whether the 300% growth target by 2030 is reached.
Glossary
- C-ITS
- Next-generation smart transport systems where cars and roads share information to improve safety and traffic flow.
- MUVU
- Lotte Innovate's self-driving shuttle bus service, which has operated in 9 areas.