Industry Information

Title PyeongChang Olympics Blessing for Robotics for Korea Inc.
Manager Ralphy Song Department in charge Exhibition Managment Team
Contact 02-3459-0028 Date 2018-01-29 13:32:10.953

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PyeongChang Olympics Blessing for Robotics for Korea Inc.
Inspiring Opportunity & Connectivity in 4th Industrial Revolution



PyeongChang Winter Olympics, which will run Feb. 9-25, is expected to generate a valuable momentum for Korean robotics to sharpen competitiveness in the global market, leveraging new opportunity and connectivity in the era of 4th Industrial Revolution.

Most of all, the forthcoming Olympics is a good opportunity to showcase the nation's wealth of technologies & expertises in the high tech industry.

Illustratively, a total of 85 robots of 11 kinds will be placed in venues to provide information on schedules, transportation and tourist attractions during the Olympics, according to the Ministry of Trade, Industry and Energy.

These robots will provide information to tourists on event schedules, as well as transportation and tourist attractions. Other robots will help with deliveries, fishing and cleaning, and some will be located in airports to assist people travelling in and out of Pyeongchang.







Already, Korean industrial robots & FA has been enlisting global recognition is term of robotics density as well as market size and more.

According to IFR World Robotics 2016, Korea is the current global leader in robotics density with 531 robot units per 10,000 employees, followed by Singapore (398 units) and Japan (305 units). Worldwide, the average robot density is 69 robot units per 10,000 employees.

In terms of industrial robotics, Korea is the second biggest market, taking a 24% share, ahead of Japan with 22%.

The IFR report highlights that the annual supply of industrial robots to Korea is expected to grow 5% on average during the 2016-2019 period.

Hitting 1 trillion won in 2009, the Korean robot market is projected at 7 trillion won in 2017. Besides industrial robots, with social robots combining the aspects of IoT, big data, and artificial intelligence, the market is expected to grow rapidly, responding to the 4th Industrial Revolution.