China is already one of the five largest markets in robotics, and recently stepped up activity of local companies to find the ability to import appropriate technologies for the production of robots.
According to Yonhap News Agency, the Chinese are not alone in their quest to bring power to the first position for the production of robots. The South Korean government will in the next five years to raise up to $ 450 million. Investment in the development of technologies to establish mass production of robots in the country.
Most of the funds, which will be partially formed at the expense of private capital will be spent on the development of fundamental technologies to set up production of robots on the South Korean enterprises. Only 20% of this amount will be allocated directly to funding the development of advanced robots. Now South Korea is the fifth largest in the world market of robots with a share of 4.7%, its bypass China, USA, Germany and Japan. The South Korean government promised to help with the introduction of artificial intelligence technologies and the development of service infrastructure.