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Hyundai Robotics Leads the Development of the Robot Industry in Korea

Author 홈페이지관리 | Date 2019.03.25

Hyundai Robotics Leads the Development of the Robot Industry in Korea
◆  Reporting Conference for Strategy for Promoting Robot Industry
 
Hyundai Robotics (Hyundai Heavy Industries Holdings’ Robot Business) plays a pivotal role in the development of the Korean robot industry.
On March 22 (Fri), 2019, “Reporting Conference for Strategy for Promoting Robot Industry” was held at the Hyundai Robotics in Daegu with 300 stakeholders from the industry-academia-research cooperation in the robot industry, including President Moon Jae-in, Vice Chairman Kwon Oh-gap of Hyundai Heavy Industries Holdings, and Minister Seong Yun-mo of Minister of Trade, Industry and Energy and more. On this day, the government announced its plans to foster the robot industry as the new flagship industry in Korea at Hyundai Robotics, Korea’s major industrial robot company.
President Moon also heard the voices of relevant people from the robot industry at the event. COO Seo Yoo Seong of Hyundai Robotics said, "It is necessary for the domestic firms to have financial resources and time so as to engage in continued technology validation and improvement,” and “With proactive support from the government, it is possible to make significant headway.”
Due to an increase in demand for automation following the spread of Industry 4.0, the robot industry is expected to enjoy the unabating grow at an average annual rate of 14% by 2025. Hyundai Robotics established a joint venture with local companies and is planning to build a manufacturing plant to target the world's largest market - China. Besides, the company is in cooperation with Kuka Group of Germany, POSCO ICT, and Naver Labs.
As the government actively takes part in the industry cultivation, it certainly sends out a positive signal to Hyundai Robotics’ business expansion. 


 

 

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