The South Korean government has decided to invest significant resources into expanding the country’s production of industrial robotics and automation systems so that it’s worth $6.15 billion by 2022.
This is according to BusinessKorea.com, which says the plan is intended to increase the number of small and mid-size robot makers with sales of more than $46 million to 25.
The report says government-backed organisations, academic and research institutions, as well as private enterprise will take part in the new initiative. [Read more…] about South Korean government to expand robotics and automation sector to $6 billion