The product is also significant as it can be easily worn and taken off.
LG Electronics said the demand for exoskeleton work suits at industrial sites has been rising sharply as they help laborers to work more efficiently and prevent potential accidents or injuries.
Citing data compiled by BIS Research, LG Electronics said the global market for such systems is expected to reach 5 trillion won (US$4.44 billion) in 2026, compared to 100 billion won tallied in 2016.
The new robot will be showcased at the CES 2019 in January.
By Song Seung-hyun and newswires (email@example.com)