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 [...]
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 [...]