Gov't, Samsung to back development of manufacturing robots
Oct 19, 2015
South Korea's government said Monday that it will join forces with Samsung Electronics Co. to develop precision manufacturing robots that could open new horizons for the local manufacturing sector.The plan calls for 16.75 billion won ($14.8 million) worth of taxpayers' money to be invested in the next three years to develop key components that can allow more robotic parts to be made in the country and lower overall prices of industrial machines, the Ministry of Trade, Industry and Energy said.De