Publication of Excellent Casebook on 'Win-Win Smart Factories for Large and Small-Medium Enterprises'

Headquarters of the Korea Federation of Small and Medium Business

[Asia Economy Reporter Kim Daeseop] The Korea Federation of Small and Medium Business (KSMB) announced on the 18th that it has published a collection of best practices on factory innovation and workplace innovation through the establishment of win-win smart factories between large and small-to-medium enterprises.

This collection includes excellent cases from 20 companies that successfully carried out smart factory projects. It is organized into five themes?manufacturing innovation, market expansion, job creation, family innovation, and more?so that small and medium enterprises can benchmark them.

Since 2018, KSMB has been collaborating with the Ministry of SMEs and Startups and Samsung Electronics to support the establishment of win-win smart factories between large and small-to-medium enterprises. It was decided to support small and medium enterprises with 10 billion KRW annually, totaling 50 billion KRW by 2022, to build smart factories.

Jung Wookjo, Head of the Innovation Growth Division at KSMB, said, "While building smart factories cannot be a universal solution to respond to the Fourth Industrial Revolution, it is certainly the starting point for strengthening competitiveness through manufacturing innovation in small and medium enterprises," adding, "We hope that these cases, which include efficient efforts to improve productivity and competitiveness, will become a cornerstone for South Korea to become a manufacturing powerhouse for small and medium enterprises."

This content was produced with the assistance of AI translation services.