Government to Revitalize Robot Industry in Post-COVID Era: "Regulatory Reform, Financial Support"

[Asia Economy Reporter Kim Bo-kyung] The government has decided to actively implement policies such as promoting large-scale demonstration projects and improving related regulations to revitalize the robot industry.

On the 22nd, Sung Yoon-mo, Minister of Trade, Industry and Energy, visited a logistics robot manufacturing company in Yuseong-gu, Daejeon, inspected the site, and announced the government's policy direction for the robot industry.

Logistics robots have emerged as a key element for logistics efficiency and contactless operations due to the surge in logistics volume and cluster infections in logistics centers following the COVID-19 pandemic. The global logistics robot market is expected to grow from $3.6 billion in 2018 to $22.4 billion in 2022.

Minister Sung said, "Robots are becoming an important catalyst driving the contactless economy after COVID-19," adding, "We will spare no support in development, demonstration, regulatory reform, and financing to activate the use of robots in various fields."

Minister Sung announced plans to promote large-scale demonstration projects based on industrial complexes and specific work areas, while building a demand-centered robot ecosystem to develop and distribute robots that solve on-site problems.

He also added that a "Regulatory Reform Roadmap" involving experts from industry, academia, and research institutes will be created, and from the second half of this year, various forms of lease and rental business models will be developed and piloted to reduce the initial investment burden.

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