Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Ador CEO denies allegations, accuses Hybe of mistreating NewJeans

    Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
  2. 2

    Korea’s homegrown nanosatellite successfully launches into space

    Korea’s homegrown nanosatellite successfully launches into space
  3. 3

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
  4. 4

    Nicaragua shuts down Seoul embassy

    Nicaragua shuts down Seoul embassy
  5. 5

    Medical reform committee kicks off despite boycott from doctors

    Medical reform committee kicks off despite boycott from doctors
  1. 6

    Hybe's multilabel system tested amid conflict with Ador

    Hybe's multilabel system tested amid conflict with Ador
  2. 7

    SNU profs to suspend treatment for one day

    SNU profs to suspend treatment for one day
  3. 8

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency
  4. 9

    Over-50s, men, single-person households take up majority of those filing for bankruptcy

    Over-50s, men, single-person households take up majority of those filing for bankruptcy
  5. 10

    SK hynix pledges W20tr to ramp up DRAM production at home

    SK hynix pledges W20tr to ramp up DRAM production at home
지나쌤

Samsung to build smart factories

Conglomerates to participate in government-led plan to automate factories of SMEs

By 김영원

Published : Aug. 31, 2015 - 17:55

    • Link copied

 Tech giant Samsung Electronics said Monday it would join forces with the Ministry of Trade, Industry, and Energy to make conventional factories run by small and mid-sized enterprises “smarter.”

Signing a memorandum of understanding on the day, Samsung and the ministry agreed to make a joint investment of 30 billion won ($25 million) to refurbish the outdated factories.
Samsung Electronic president Kim Jong-ho (left), Vice Industry Minister Lee Kwan-sup (center), and Park Jin-woo, the head of KOSF, a public-private institute to promote factory automation, pose at the memorandum of understanding signing ceremony in Seoul on Monday. (Samsung) Samsung Electronic president Kim Jong-ho (left), Vice Industry Minister Lee Kwan-sup (center), and Park Jin-woo, the head of KOSF, a public-private institute to promote factory automation, pose at the memorandum of understanding signing ceremony in Seoul on Monday. (Samsung)

The counterparts will respectively invest 15 billion won until 2016 to install factory automation systems for 600 SMEs.

Samsung would also deploy a troupe of engineering experts and officials for the initiative to support the SMEs and set up the so-called “Smart Factory Academy,” to give consultations on how to build and operate smart factory systems.

The ministry will try to nurture experts in smart factory technology and to cooperate with other ministries including the Ministry of Science, ICT and Future Planning to accelerate the 30-billion-won project.

Kim Jong-ho, president of the Seoul-based tech firm, said “I hope the MOU will become a new exemplar that promotes coprosperity between conglomerates and SMEs, and more smart factories are built across the nation.”

The MOTIE plans to install smart automation systems at 10,000 factories in the nation by 2020 in collaboration with Korean conglomerates, including SK Group, and POSCO.

By Kim Young-won  (wone0102@heraldcorp.com)

More from Headlines