South Korea: 2,000 ‘artificial intelligence factories’ to be built by 2030

Artificial intelligence development and Industry 4.0 are having a profound impact on humanity. In the face of the wave of artificial intelligence,against the background of surging new technologies such as autonomous driving, artificial intelligence and new energy vehicles, various countries have set development goals in emerging technologies and invested huge sums of money in research and development. According to the latest media news, South Korea has announced the artificial intelligence, new energy vehicles and other industries development goals and investment plans, which proposed that by 2030, South Korea will build 2,000 “Artificial intelligence factories.”

Nowadays, almost all the mobile banking apps of Korean Banks can use the artificial intelligence function to conduct voice recognition operation, and can accurately identify the Korean words of journalists with “foreign accent”. The first Internet bank in South Korea using Internet IT technology has attracted nearly one million customers in just one year.

Governments across the region have widely regarded AI as a “key growth multiplier” that will power faster growth over the next decade. Artificial intelligence is expected to grow at the fastest rate globally in Asia.

According to media reports, the South Korean government has announced the vision of a “manufacturing revival” in a number of industries, saying that manufacturing is the country’s economic base and a way to create high-quality jobs and innovation growth.

The announcement comes amid growing concern at home that South Korea’s industrial strategy of following the market leader in frontier markets and competing numerically has reached its limits.

In a rapidly changing environment, including the emergence of the fourth industrial revolution, strict environmental regulations and the restructuring of a new international trade order, traditional key industries in South Korea are losing their vitality and new industries have been slow to be created.

South Korea’s government has been preparing the blueprint since President moon jae-in called for a quick strategy for reviving manufacturing at a conference in December.

Through this effort, the Korean government aims to increase the value added of manufacturing from the current 25 per cent to 30 per cent by 2030. In addition, the Government expects the proportion of new industries and new products to rise from the current 16% to 30%.

In order to realize the revival of the manufacturing industry, the south Korean government has decided to focus on the implementation of four strategies: to innovate the industrial structure in an intelligent, ecological and integrated way; Replace traditional industries with innovative industries; Reorganizing the industrial ecosystem with challenge as the center; Strengthen the role of government in supporting investment and innovation.

One bright spot is that the South Korean government will promote artificial intelligence-based industrial intelligence technology in all manufacturing sectors.

This year, the south Korean government plans to develop a national ai strategy. By 2030, it plans to build 2,000 ai-based factories, a more advanced type of smart factory, and South Korea will enact manufacturing innovation laws.

By collecting data from smart factories, the government will build a data center to support aedintelligence-based services and promote the development of intelligent manufacturing facilities such as critical software, robots, sensors, and devices.

South Korea’s Ministry of Industry will also unify national capacities and resources to nurture new and important industries.

The country plans to inject 8.4 trillion won ($7.1 billion) into research and development in three key industries: non-memory chips, future mobile transport and biotechnology. The government is currently conducting a feasibility study on budget funding, and the government’s investment plan will lead to a total of 180 trillion won from the private sector.

The Government is currently conducting a feasibility study on budget funding, and the government’s investment plan will also boost private sector investment totalling 180 trillion won.

At the same time, the Ministry of Industry will also unify the national capacity and resources to cultivate new important industries.

As for electric and hydrogen cars, the government plans to spend 385 billion won on research and development from 2020 to 2025, sell 430,000 electric cars by 2022 and 850,000 hydrogen cars by 2030.

In addition, South Korea plans to inject 600 billion won in research and development funds for LNG vessels between 2021 and 2030, with the goal of producing 140 LNG vessels by 2025.

In addition to these products, the Government of South Korea says clean factories will be used to improve manufacturing, which emits large amounts of air pollutants.