South Korean Smart Manufacturing Strategy

Manufacturing companies are pushing for smart manufacturing strategies that combine next-generation new technologies and manufacturing technologies beyond the existing factory automation level. Accordingly, domestic and foreign manufacturing companies are rapidly developing tasks such as product planning, R&D, production, process, quality, facilities, supply chain management, and customer management from traditional manufacturing methods. In this rapidly changing global economic environment, domestic and foreign companies are rushing to make digital transformation to secure their own manufacturing competitiveness. In this rapidly changing global economic environment, domestic and foreign companies are rushing to make digital transformation to secure their own manufacturing competitiveness. Recently, the Korean manufacturing industry is also rapidly changing due to the convergence of the 4th Industrial Revolution technology with the traditional manufacturing method. The manufacturing environment is changing due to the application of ICT technology and digital transformation throughout corporate activities, and this acceleration of innovative digital transformation activities will break the value chain not only inside the company but also across the industry and lay the foundation for Korea’s continued growth.