South Korea bets US$1.66 billion on humanoid robots

South Korea has launched a KRW2.2 trillion (about US$1.66 billion) program to develop humanoid robotics. Twelve companies were named as participants, including automotive and machinery component suppliers.

• Program is worth KRW2.2 trillion, roughly US$1.66 billion
• Twelve companies were identified as participants
• Auto and machinery component makers are in focus