Korean government to invest US$316mn in robot industry

The South Korean government plans to invest 350 billion won ($316 million) over the next decade to expand the country’s robot industry by more than 10 times, the Ministry of Knowledge Economy (MKE) said Wednesday.

With the investment, the government will develop various technologies and new industrial, as well as commercial robots, such as disaster relief robots and home assistance robots.

The government expects there will be a big bang in the robot market, as robots will be integrated into all kinds of industries, raising the demand for robots to address issues of aging, safety, labor shortage and resource shortages, the ministry said.

For full article see Maeil Business.