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Industry Report

Industry reports, briefs issued by Samsung Economic Research Institute

The Arrival of Robotic Industry

The Arrival of Robotic Industry

LIM Young-Mo

Mar. 28, 2005

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A variety of consumer robots is rolling into the market recently, catching the public's attention. Late last year, the state-run Korea Advanced Institute of Science and Technology (KAIST), a leading technology school, developed a humanoid robot called "Hubo." And this year, private makers are introducing house-cleaning robots in a price range of 200,000 to 300,000 Won per unit, similar to the price level of conventional vacuum cleaners. Large manufacturers that previously sat on the fence are taking new interest in the market, collaborating with venture companies to exploit the opportunity. Indeed, Korea is running for what looks like a second boom for robots: after the first boom in the late 1980s that led to factory automation.

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