In 2024, South Korean company Neuromeka was named among the South Korean robot companies of the year for the eighth time in total for the industrial robots sector. LPK Robotics, a company established in 2004, was featured on the list for the first time.聽
Domestic robot industry
Neuromeka had seen a general increase in their revenue in recent years, while T-Robotics, which was awarded as the industrial robot company of the year six times, has faced fluctuations in its revenue in recent years. Nevertheless, South Korea had the largest industrial robot density in the manufacturing industry worldwide, followed by Singapore and Germany.
Development of the robot industry
The robot industry in South Korea has been on a steady rise since 2016, as the revenue of companies in the robot industry broke through the 10 trillion South Korean won mark in 2022. Similarly, the number of companies in the robot industry has increased as well, with more than four thousand companies active in the country. Bolstered by support and investment from the South Korean government, the robot industry is expected to continue its growth moving forward.