The ASEAN-Korea Center signed a memorandum of understanding (MOU) with the Korea Institute for Robot Industry Advancement (KIRIA) at the ASEAN-Korea centre on July 12.
The two organizations will work on implementing investment and trade promotion products and human resource development in the industry.
In a report in the Korean Times, it said, that, at the “investment and market research mission program” in Singapore from July 17 to 20, a Korean delegation of five businesspeople from related fields is expected to gain a view on the robotics industry there and explore investment opportunities.
The ASEAN-Korea Centre said major ASEAN nations such as Singapore and Thailand are expected to experience a huge increase in demand for robotics because of growing populations and a developing manufacturing sector.