[THE INVESTOR] The Korean government said on Dec. 20 it will work with information and communications technology companies to apply the 5G network in advanced production lines to create smart factories.
A smart factory is a key concept in the fourth industrial revolution, and is based on an agile, automated manufacturing environment. It covers everything from design to distribution that makes full use of advanced sensors, connected machines and network technologies.
The ministries of industry, technology and start-ups have launched a 5G smart factory alliance with 19 companies and organizations, including SK Telecom, Samsung Electronics, Microsoft Korea, Ericsson-LG and Siemens Korea, to standardize the 5G application technologies and explore new business models.
During the launching event, top mobile carrier SK Telecom demonstrated how to use 5G network to conduct real-time quality checks and operate automated logistics systems at the smart manufacturing innovation center in Ansan, south of Seoul.
“Commercialization of the 5G network paved the way for Korea to advance the development of smart factories,” said Jang Hong-seong, head of SK Telecom’s IoT and data project. “5G smart factories will create new values that surpass the present performance and market expectations.”
The alliance is part of the government’s broader plan to create 30,000 smart factories and 10 smart industrial zones by 2022 to upgrade the Korean manufacturing industry’s competitiveness.
By Song Seung-hyun and newswires (email@example.com)