POSCO, LG Electronics to jointly build smart factory

POSCO Holdings Inc. and LG Electronics Inc. announced on Wednesday that they will collaborate to upgrade POSCO's smart factory technology.

The initiative will involve the integration of robotics, artificial intelligence (AI) and wireless communication technologies.

The technology development agreement for robotics, AI and wireless communication fields was signed at LG Electronics' Seocho R&D Campus in Seoul.

Under the agreement, both companies will jointly develop technology to conduct safety inspections and manage facilities in steel mills. This initiative will employ autonomous robots integrated with AI, enabling operations in areas that are challenging for human accessibility.

Two firms aim to amplify factory manufacturing and logistics efficiency using real-time control through wireless communication technology, thereby bolstering manufacturing competitiveness.

The two companies' manufacturing plants were previously recognized as lighthouse factories by the World Economic Forum (WEF), denoting their role in leading global manufacturing by implementing pivotal Fourth Industrial Revolution technologies.

Write to Jae-Fu Kim at khk@hankyung.com