7. South Korea
Score – 7
Back in 2012, South Korea which ranks 7th on our list of countries that produce the most robots in the world, had nearly 139,000 operational robot units, although the number has certainly risen quite a bit since then. One proof of this is the fact that the country’s massive investments in the domain have led to exports in total worth of $235.6 million in 2015, which is about 5.7% out of the total industrial robots exports.
In fact, the country has vouched to invest quite a bit in robotics in the next few years. According to the South Korean trade ministry’s announcement back in October, about $445 million will be pumped into the industry in the next five years, a big chunk being directed towards funding corporate research and development centers in search for new talent. This sets South Korea apart from other nations where investments are mostly from the private sector. The country’s trade minister Joo Hyung-hwan, however, believes this to be a new technology frontier that will eventually give a fresh boost to the manufacturing sector.
