Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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South Korea’s largest steelmaker Posco plans to support small steel companies to build their smart factories, investing 20 billion won ($16.9 million) over the next five years, according to the company on Sunday.
A total of 30 billion won in investment -- including 10 billion won from the Ministry of SMEs and Startups -- will be injected to help around 500 selected companies, Posco said.
Through the project, companies willing to build smart factories will be provided with up to 100 million won per factory. They will also be given consulting services from Posco and professional consultants to build smart factories and innovate manufacturing processes.
Posco will form a group of specialists from its affiliates, including Posco ICT, the Research Institute of Industrial Science and Technology and Posco Group University. They will visit companies to help them improve energy saving, inventory management and manufacturing automation.
By Shin Ji-hye (shinjh@heraldcorp.com)
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