SEOUL, Jan. 20 (Korea Bizwire) — LG Electronics Inc. on Wednesday said it plans to promote its smart factory push as the home appliance maker targets improving its productivity. LG announced it will spend 50 billion won (US$45 million) from February to set up a new home appliance product testing facility at its second factory [...]
SEOUL, Jan. 14 (Korea Bizwire) — A growing number of factories in South Korea have adopted smart solutions based on cutting-edge technologies to improve manufacturing efficiency, government data showed Thursday. A total of 19,799 smart factories were registered in the nation till the end of 2020, up from 12,660 in 2019 and 7,903 in 2018, [...]
SEOUL, July 29 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, announced Tuesday that it will work with its affiliate SK Planet Co. and Hwashin Co. on an artificial intelligence (AI)-based Smart Factory Project. Hwashin is the country’s major chassis producer and primary supplier for Hyundai Motor Co. SK Telecom plans to [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s major telecom companies are introducing new smart factory solutions to help manufacturers overcome the pandemic-caused economic slump with more efficient production systems. SK Telecom Co., the country’s largest mobile carrier, on Friday released a subscription-based smart factory solution for small- and medium-sized manufacturers that optimizes their equipment [...]
SEOUL, April 29 (Korea Bizwire) — Small and medium-sized businesses that overcame the coronavirus crisis with help from Samsung Electronics Co. are now making donations to fight the global pandemic. Businesses participating in the smart factory project led by the Ministry of SMEs and Startups, Korea Federation of SMEs, and Samsung are stepping forward to [...]
SEOUL, April 7 (Korea Bizwire) — The Ministry of SMEs and Startups said Monday that its “Win-Win Cooperation” project is paying off in the face of the coronavirus pandemic. According to the government, the daily production of four mask makers, backed by smart factory technology from Samsung Electronics Co., jumped 51 percent to 1.39 million [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group is focusing its efforts to overcome the crisis caused by the coronavirus. As the country continues to struggle from a shortage of protective masks, Samsung announced Tuesday that it has set out to donate 330,000 protective masks acquired from overseas and support mask [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s No. 1 steelmaker POSCO’s Pohang Steel Mill plans to increase the number of smart factories this year at its Pohang complex this year. Pohang Steel Mill announced on Monday that it plans to transform its third plant into a smart factory. A smart factory refers to a [...]
SEOUL, Nov. 7 (Korea Bizwire) — Major telecom operator KT Corp. and leading shipbuilding conglomerate Hyundai Heavy Industries Group said Thursday they will step up collaboration to develop advanced smart factory solutions based on the 5G network to improve efficiency and safety. In May, the two companies signed a memorandum of understanding to join forces [...]
JINCHEON, Oct. 17 (Korea Bizwire) — South Korea’s leading solar cells and modules manufacturer, Hanwha Q Cells, has said it plans to begin using an artificial intelligence-based production system around 2021 to beef up its competitiveness in the photovoltaic market. Hanwha Q Cells said its plant in Jincheon is set to use self-learning software to [...]