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Korea robotics industry booming and receives additional governmental stimulus

July 24, 2011

Korea’s robotics industry is accelerating with record growth in output, sales and exports. According to a government survey of 395 firms, their combined sales nearly doubled to $2.1 billion last year from a year earlier. Total production volume and exports shot up 75% and 137% respectively.
In January, seven ministries involving industry, education and the environment devised a plan to pump $95 million into 10 pilot projects to develop service and industrial robots. Under the plan, robots will be deployed for education, fire-fighting, sewage repairs and manufacturing this year, while others will patrol danger zones, remove mines in the DMZ and do farm work starting next year, the Ministry of Knowledge Economy said.

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series... read more

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