<기사제목>Ministry of SMEs and Startups to Support 247.5 Billion KRW for Smart Factory Establishment This Year

[Asia Economy Reporter Kim Jong-hwa] The Ministry of SMEs and Startups announced on the 16th that it will open a public notice for the ICT convergence smart factory dissemination and expansion support project worth 247.5 billion KRW this year and recruit demand companies.

The government plans to distribute 30,000 smart factories by the end of this year to strengthen the competitiveness of manufacturing SMEs.

Companies that have established smart factories showed an average productivity increase of 28.5%, quality improvement of 42.5%, and cost reduction of 15.5%, indicating enhanced manufacturing competitiveness. This has led to a 7.4% increase in sales per company, an increase of 2.6 employees, and a 6.2% reduction in industrial accidents, contributing to corporate growth and the creation of good jobs.

This announcement targets 3,700 companies excluding the 1,300 large and small win-win type smart factories out of the 5,000 smart factory support plans for this year. In particular, this year, there are plans to focus on advancing smart factories to dramatically improve their efficiency.

Details of the announcement and specific contents of each support project can be found on the Ministry of SMEs and Startups website or the Smart Manufacturing Innovation Promotion Group affiliated with the Korea Technology and Information Promotion Agency for SMEs’ Smart Factory 1st Street, and applications can be submitted online through Smart Factory 1st Street.

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