SEOUL, Jul. 19 (Korea Bizwire) – LG Electronics is ramping up its smart factory solutions business, leveraging 66 years of manufacturing and production data combined with artificial intelligence (AI) and digital transformation (DX) technologies. The company aims to aggressively enter industrial sectors with anticipated growth in factory demand, with the goal of achieving revenue of 1 [...]
SEOUL, Jul. 18 (Korea Bizwire) — LG Electronics Co. said Thursday it aims to achieve over 1 trillion won (US$725.2 million) in sales from its smart factory solution business by 2030, leveraging its artificial intelligence technologies and manufacturing expertise. This year, the South Korean home appliance giant entered the smart factory solution market, offering technologies [...]
SEOUL, May 25 (Korea Bizwire) – Samsung Electronics Co. intends to invest 30 billion won (US$22.7 million) over the next three years to support the establishment and upgrading of smart factories for small- and medium-sized enterprises (SMEs). The company announced on Wednesday that it will launch the Smart Factory 3.0 project, aimed at transforming SMEs’ manufacturing facilities [...]
SEOUL, April 30 (Korea Bizwire) — Doosan Corp., the holding company of South Korea’s energy-to-construction equipment conglomerate, said Sunday it has signed an initial pact with a U.S. industrial automation firm to expand into the U.S. smart factory market. On April 25 (U.S. time), Doosan Corp. signed a memorandum of understanding (MOU) with Rockwell Automation, [...]
SEOUL, June 2 (Korea Bizwire) — The Ministry of Science and ICT said Wednesday it will launch a service together with the Korea Internet & Security Agency, a state-run cybersecurity body, to support the strengthening of the security of smart factory manufacturing and operating facilities nationwide. The service will offer a test tool to check [...]
SEOUL, March 31 (Korea Bizwire) — The Electronics and Telecommunications Research Institute (ETRI) said Wednesday it had successfully completed a demonstration of the Industrial Internet of Things (IIoT) service used for the real-time, simultaneous control and management of various facilities and robots of a smart factory from various parts of the world. The ETRI used [...]
SEOUL, March 30 (Korea Bizwire) — The management performance of the small and mid-sized enterprises (SMEs) that introduced a smart factory in collaboration with large companies is stronger than other SMEs, a local business lobby group said. The Korea Federation of Small and Medium Businesses analyzed the performance results of the ‘win-win smart factory project.’ [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Tuesday it has signed a deal with Siemens Korea to work together to turn its battery plants into smart factories to upgrade the manufacturing process. Under the memorandum of understanding, LG Energy Solution will adopt the German industrial solutions provider’s [...]
SEOUL, Sept. 16 (Korea Bizwire) – LG Electronics Inc. said Thursday the first phase of home appliance manufacturing facility upgrades at its main production base in South Korea has been completed as the company aims to improve productivity with a better automation system. The tech giant said its reconstructed production building at LG Smart Park [...]
SEOUL, Sept. 16 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, said Thursday it aims to increase sales from its smart factory solutions business by sevenfold within five years as part of its broader push to boost its enterprise-focused services. The telecom operator has recently been developing industrial solutions that use [...]