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Korea’s Strategic Investment Program Model for U.S.

By Frank Tobe | April 20, 2010

BusinessWeek focuses on Koreas success in strategic investment to enable Korea to successfully compete worldwide.

Last year they launched a plan to expand Korea’s economic base by promoting robotics and 16 other next-generation ventures. Seoul has invested $500 million in R&D and pilot projects to test education, entertainment and disaster-fighting robots. This includes the new R-Learning system scheduled for 500 preschools in 2011 ramping up to 8,000 by 2013.

Robot exports jumped 10.5% in 2009 to $809 million. Korea aims to become one of top three robot manufacturers (currently #5).

America’s roadmap for robotics development still floundering in the halls of Congress.

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.