Use of Robots Results in ‘Meaningful’ Decline in Human Labor Demand in Manufacturing: BOK Report

SEOUL, Dec. 15 (Korea Bizwire) — Expanded use of robots has resulted in a “meaningful” decline in demand for human labor in the manufacturing industry while replacing mostly “routine” and “repetitive” jobs, a central bank report said Wednesday. The Bank of Korea’s report was based on data related to introduction of robots in industries and [...]