SMEs and Large Enterprises Mentoring 'Smart Factory Implementation Support' Satisfaction at 86.4%

Satisfaction and Reasons for Satisfaction and Dissatisfaction with the 'Win-Win Smart Factory Construction Support Project'.
[Graphic by Korea Federation of SMEs]

[Asia Economy Reporter Kim Jong-hwa] It has been found that 86.4% of companies participating in the win-win type smart factory construction support project, where the government and large corporations provide funding and experts from large corporations mentor innovation activities at manufacturing sites, are satisfied.

According to the results of the "Opinion Survey on the Win-Win Type Smart Factory Construction Support Project" conducted on 486 companies participating in the project, announced by the Korea Federation of SMEs on the 29th, 37.9% responded "very satisfied" and 48.6% responded "satisfied," totaling 86.4%.

The achievements gained through smart factory construction were surveyed as follows: the highest satisfaction was with ▲improvement of the working environment (53.7%), followed by ▲increase in productivity (40.9%), and ▲quality improvement (31.7%).

Satisfaction with the solution implementation was recorded at 77.0%. The reasons for satisfaction were ranked as ▲ease of monitoring the production site (44.1%), ▲high effectiveness of solution application (43.3%), and ▲improvement of workers' working conditions (29.1%).

Satisfaction with mentoring by manufacturing site experts from large corporations specialized in win-win type smart factories was quite high at 88.8%. By industry, satisfaction was highest in ▲food and beverage manufacturing (93.0%), followed by ▲primary metal and metal processing manufacturing (83.6%), and ▲non-metallic mineral product manufacturing (82.0%).

It was also found to help increase employment and sales. Despite difficult external conditions such as the spread of COVID-19, 14.0% of the companies that implemented the smart factories experienced an increase in employment (an average of 4.3 people), and 18.5% of companies saw an increase in sales (an average of about 2.01 billion KRW).

Jung Wook-jo, Head of the Innovation Growth Division at the Korea Federation of SMEs, said, "Following last year, we conducted a satisfaction survey to enhance the substance of the win-win type smart factory construction support project. The satisfaction of participating companies was high again this year, and the Federation will provide multifaceted support such as developing new models and supporting sales channels for the continuous growth of these companies."

Meanwhile, the Korea Federation of SMEs is helping the digitalization of small and medium enterprises not only through the win-win type smart factory construction support project supported jointly with large corporations but also through industry-specific specialized smart factory projects and smart service support projects for SMEs. Detailed information on the projects and participation methods can be found through the Smart Factory Support Office and the website of the Korea Federation of SMEs.

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