
The memorandum ofunderstanding (MOU) between the two sides was for the integration and jointoperation of the THT-Bespin Smart City Hub platform. It was signed between H2O Hospitality CEOJohn Lee and Kim Tae-ho, country director of Bespin Global Vietnam, in Seoul,reported the Republic of Korea (RoK)’s Yonhap news agency.
The digital platform was co-developed by Bespin GlobalVietnam and THT Development Co., a wholly owned subsidiary of the RoK’s DaewooEngineering & Construction Co., in the Southeast Asian country for theoperation management of smart cities in Vietnam.
Founded in 2015, H2O Hospitality has successfully carriedout the digital transformations of an array of accommodation facilities in theRoK, Japan and Southeast Asia. It is one of Asia's largest and fastest-growingleaders in the digital hospitality management industry.
The Seoul-based hospitality startup has attracted anaccumulative 45 million USD from major investment companies, such as KakaoInvestment Co., the state-run Korea Development Bank and Samsung VentureInvestment Corp./.