The South Korean Ministry of Trade, Industry and Energy will invest 523 billion won in the development of next-generation advanced robot technology. The investment will be used to boost the country's robotics industry and to foster new growth engines for the future. The initiative is part of the government's larger strategy to promote the Fourth Industrial Revolution and to strengthen the country's competitiveness in key industrial sectors. The program is expected to drive innovation and technological advancement in the robotics industry, creating new opportunities for businesses and contributing to economic growth.
Instrument
Allocation of Funds
Purpose
Innovation
Investment promotion
Sectoral development
Agency
Ministry of Trade Industry and Energy - South Korea