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South Korean Government Plans to Establish 30,000 Smart Factories by 2025

South Korean Government Plans to Establish 30,000 Smart Factories by 2025

SEOUL, Apr. 21 (Korea Bizwire) — The South Korean government is poised to bring the number of smart factories in the country up to 30,000 by 2015, with plans to train 40,000 skilled workers in preparation for the ever-expanding fourth industrial revolution. Speaking to small and medium size business owners during a meeting at the [...]

S. Korea to Boost Exports through New Manufacturing Boom

S. Korea to Boost Exports through New Manufacturing Boom

SEJONG, March 19 (Korea Bizwire) — South Korea will aim to nearly double its exports over the next decade through a second manufacturing boom that infuses production with advanced technology, the trade ministry said Thursday. The measures approved at the trade-investment promotion committee meeting in Seoul include a 1 trillion won (US$885 million) state-private joint [...]