August 21, 2018 12:20
Hyundai Department Store said Monday that it will launch a futuristic self-service store under a tie-up with Amazon.
The plan is to open a store that uses drones to deliver products to customers in 2020. This is Amazon's first Korean retail venture.
Hyundai said it signed a deal with Amazon Web Service, a subsidiary of Amazon.com, the world's No. 1 player in cloud-based services.
Hyundai and Amazon plan to study retail platforms and set up a comprehensive system to analyze purchasing patterns.
The U.S. online giant, which is notoriously averse to paying taxes, has no official operations in Korea but the subsidiary set up an office here in 2012. Hyundai plans to use Amazon Go's "Just Walk Out" technology, which does not require customers to wait in line to pay for their products.
Both will also work on the cutting-edge technologies where drones will be used to deliver food and beverages to customers waiting outside, while artificial intelligence technology will be used to guide visitors.
Hyundai plans to set up a cloud-based membership platform by the end of this year based on Amazon's cloud service that analyzes the purchasing patterns of customers.
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