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Dec 28, 2021

Large South Korean companies are actively engaged in mergers and acquisitions and technology investment in the robot industry

According to Seoul Economics on December 14, according to industry sources on December 14, South Korea's large enterprises have significantly accelerated the pace of entering the robot industry, and have actively carried out related mergers and acquisitions and technology investment. Korea has a huge potential in the robotics sector due to its excellent manufacturing capability and strong competitiveness in the software sector. With the rapid development of manufacturing and technological capabilities of robot-related components such as semiconductors, batteries, machinery, sensors and software, companies are accelerating the commercialization of robots.


LG Electronics has already identified robots as its core growth point in the future, focusing on service robots and launching self-driving robots, mobile assistance robots, service robots, sterilizing robots, and weeding robots. Hyundai Motor has rapidly entered the robot market by acquiring Boston Dynamics, the world's most advanced robotics company, and is focusing on industrial robots to target the logistics market, where demand is high. Samsung electronics recently have adjusted their institutions, will be set up in February this year "robot ShiYeHua working group" upgrade "robot enterprise group" for the permanent institutions, intensify investment in the industrial robot, the robot is planned through develop business real profits, samsung electronics was previously not seen obvious trend in the field of robots, But last year Samsung Electronics became the first South Korean company to receive ISO 13482 certification for robot walking assistance, showing that it has sufficient technical strength; At the same time, Samsung, which has a broad portfolio of home appliances, is likely to continue to quickly boost its robotics competitiveness through acquisitions.


The robot market is expected to take a leap forward thanks to the technology and financial strength of leading Korean companies. The government also needs to step up support, such as increasing the use of robots in the public sector, said a researcher at THE Korea Industrial Research Institute.


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