Samsung and South Korean government want to undercut human workers with robots

Posted on Tuesday, Oct 20 2015 @ 15:33 CEST by Thomas De Maesschalck
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The Register reports South Korea's Ministry of Trade, Industry and Energy has granted Samsung 6.75 billion won (US$14.8 million) to develop robots capable of delicate manufacturing tasks. The goal here is to create high-tech robots capable of replacing humans to drive down manufacturing costs, and to give South Korea a chance to pick up business and/or supplying factories that today require hundreds of thousands of semi-skilled workers in China and other developing nations.
Big contract manufacturers are very cost-sensitive, so anything that reduces their outgoings will be welcome. Or maybe not: China's rise has been helped by the many millions of people who have been able to win decently-paying semi-skilled jobs. China knows manufacturing isn't its long-term ticket to prosperity, but will also hope these bots don't arrive in a hurry. So will the likes of India and Indonesia, who are trying hard to bring electronics manufacturing to their shores.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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