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Local robotics firms will accelerate the development of autonomous robots, as cleared by the recent passage of a bill authorizing high-tech robots to use sidewalks for delivery, patrol, information providing and cleaning services, according to market watchers, Tuesday. Further anchoring their business prospects is a robust industrial outlook, as indicated by International Federation of Robotics (IFR) data which estimated the size of the industrial and services robot market to surpass $50 billion (67 trillion won) by 2025, up from $30 billion in 2021, growing 17 percent a year.
President Yoon Suk Yeol on Tuesday hailed Samsung Display s announced investment of 4.1 trillion won ($3.1 billion) in its manufacturing plant in Asan, South Chungcheong Province, by 2026, a move that is expected to create 26,000 jobs in the region. The display-making affiliate of Samsung Electronics unveiled the investment plan aimed at ramping up production capacity of organic light-emitting diodes (OLED) used for tablets and laptops.
Samsung Electronics has gone all out to foster semiconductor engineers based outside the Seoul metropolitan area in order to contribute to the development of regional economies around the nation and secure quality professionals for its core business, the chip giant said Monday. Samsung said it made agreements with three state-run science and tech universities to launch semiconductor departments where graduates will be guaranteed a job at Samsung.
The Federation of Korean Industries (FKI) succeeded in bridging Korea-Japan economic ties by hosting a meeting between major business conglomerates in the two countries last week. The heads of four major Korean conglomerates, including Samsung Electronics Chairman Lee Jae-yong, took part in the FKI event, which signaled a resumption in the role of the business lobby group after it was embroiled in a national corruption scandal seven years ago that put former President Park Geun-hye behind bars, prompting major conglomerates to withdraw their memberships.