Monday, April 27, 2009

Korea Puts $750M in Robotics, Aims to Lead Market by 2018

The government of South Korea has promised to invest 1 trillion Won (about $750 million U.S. dollars) in the country’s robotics industry in an attempt to accelerate its growth. The goal is to help the global robotics market grow to more than $30 billion by 2013 and to help Korean companies take as much as 10 percent of that market, according to Huh Kyung, Director General for Emerging Industry in the government’s Ministry of Knowledge Economy, which is responsible for regulating and overseeing high-tech industries in South Korea. Robotics is one of the fastest-growing of Korea’s highly successful electronics and high-tech manufacturing sectors and will be one of the drivers of the country’s growth during the next five years, Korean officials said during the announcement. The… View this post

No comments:

Post a Comment