Korean Government to Invest KRW 180 Billion in Robot Industry

The South Korean government will this year invest KRW 180 billion in the development of intelligent robots and robot promotion projects aimed for new market creation.

On Thursday, the Ministry of Trade, Industry and Energy (MOTIE) held the first Robot Industry Policy Council meeting in Gwacheon, Gyeonggi-do Province, and decided to invest in the development of intelligent robots and robot promotion projects.

The Korean government plans to invest KRW 108.5 billion in developing fundamental technologies and convergence-based products, KRW 19.5 billion in efforts to expand the robot market, KRW 35.2 billion in building up industrial infrastructures, KRW 19 billion in robot promotion projects aimed to create new markets, and KRW 120 million in setting up a nationwide cooperation structure this year.

A variety of inter-ministerial pilot projects will be conducted to expand robot projects that can create new markets – for example, robots that automatically detect fine cracks in egg shells, rescue robots that can be used to save drowning people, firefighting robots and autonomous flying robots.

Source: Korea IT Times.

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