October 20, 2015      

South Korea hopes that robots will help it be competitive with cheap Chinese manufacturing, even as both countries pursue industrial automation.

Samsung Electronics Co. and the South Korean Ministry of Trade, Industry, and Energy will be spending 16.75 billion won ($14.8 million) over the next three years to develop robotic components and make the country less reliant on Chinese labor.

"Emphasis will be placed on developing precision speed reducers, motors, controllers, and sensor encoders tha...

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