123.5 Billion KRW Public-Private Investment in Digital Transformation of Automotive, Shipbuilding, and Secondary Battery Industries

The 2nd Industrial Digital Transformation Committee Meeting Held

Jang Young-jin, First Vice Minister of the Ministry of Trade, Industry and Energy, is presiding over the on-site briefing session on the 2024 government R&D policy direction held at Korea Polytechnic University in Siheung-si, Gyeonggi-do on the 15th.
[Photo by Yonhap News]

The public and private sectors have agreed to jointly invest 123.5 billion KRW to accelerate the digital transformation of key industries such as automobiles, shipbuilding, and secondary batteries. On the 29th, the Ministry of Trade, Industry and Energy held the 2nd Industrial Digital Transformation Committee at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, where they reviewed and finalized the "Industrial Digital Transformation Leading Project Promotion Plan."

From 2024, the public and private sectors plan to invest 123.5 billion KRW to promote digital transformation in major processes across five industries: automobiles, shipbuilding, secondary batteries, root industries, and machinery.

In the automobile sector, a system will be established to jointly utilize data on electric vehicle production, quality, and supply chains between finished car manufacturers and their partners. This will reduce unnecessary costs such as duplicate quality inspections and supply chain disruptions that previously occurred due to lack of data sharing.

In the shipbuilding sector, a smart ship platform will be built that links ship data with port, logistics, and equipment data in real time. This will optimize logistics within ports and enable predictive maintenance by forecasting equipment failures in advance.

In the secondary battery sector, a super-gap technology will be developed in collaboration with domestic secondary battery value chain companies to automate the cathode material process, which has so far relied entirely on skilled workers, using artificial intelligence (AI)-based control. In the root industry, the AI control know-how for plastic injection production from domestic large corporations will be shared with partner companies, supporting domestic root companies to uniformly produce high-quality automotive parts even in regions where it is difficult to secure skilled workers.

In the machinery sector, data generated from machines, robots, and facilities that make up factories will be integrated and linked based on international standards. Furthermore, an AI autonomous manufacturing platform capable of high-level production and logistics optimization as well as high-quality mass production of diverse products will be established.

The leading projects confirmed this time were discovered through collaboration among industry-academic-research experts within the Industrial Artificial Intelligence (AI) Alliance, which includes over 400 companies. Jang Young-jin, the 1st Vice Minister of the Ministry of Trade, Industry and Energy, stated, "Industrial digital transformation has a triple effect of strengthening industrial competitiveness through production process innovation, resolving labor shortages, and preventing major accidents. The government will strive to create successful cases of industrial digital transformation and spread them to other industries so that AI can be rapidly integrated throughout Korean industries."

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