[Korea.net News, Science / Tech, February 28 2008] Korea's intelligence robot industry set to leap forward

Intelligence robotics, considered to have as much potential as the car industry, is ready to move forward in Korea.

The Ministry of Commerce, Industry and Energy said Tuesday (Feb. 26) that the Law on Development and Distribution of Intelligence Robots, aimed at generating the country’s growth engine, passed the National Assembly.

The intelligence robot industry, which is in its early stage in an $8.5 billion market, has been largely considered one of the core future technologies.

The International Federation of Robotics analyzed in 2002 that the robot industry will make great strides from 2010 and grow to become a $500 billion market by 2020.