Government of South Korea and Samsung Developing Robots to Manufacture Consumer Electronics | WHAT REALLY HAPPENED


Government of South Korea and Samsung Developing Robots to Manufacture Consumer Electronics

South Korea’s government said Monday that it will join forces with Samsung Electronics Co. to develop precision manufacturing robots that could open new horizons for the local manufacturing sector.

The plan calls for 16.75 billion won ($14.8 million) worth of taxpayers’ money to be invested in the next three years to develop key components that can allow more robotic parts to be made in the country and lower overall prices of industrial machines, the Ministry of Trade, Industry and Energy said.

Developed robots can be used to make small products like mobile phones and consumer electronic products that require a high degree of precision, it said, adding all technology developed will be used to assist small and medium-sized robotics companies.

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