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 headquarters of the Korea Federation of SMEs (KBIZ) yesterday, the Minister of Trade, Industry and Energy Joo Hyeong-hwan revealed plans to revolutionize the manufacturing industry in South Korea in the upcoming years using the latest automation, data exchange and the Internet of Things technologies.
Though the previous plan in place was to have around 10,000 smart factories in operation by 2020, the acceleration of the fourth industrial revolution has forced the government to ramp up its efforts to revamp the manufacturing industry at a faster pace, as personalized production emerges as the way forward in order for …