potential negative effects

S. Korea Has Become Country with Highest Robot Density

The Bank of Korea said in its report that more attention should be paid to the potential negative effects on employment and income distribution which can result from the introduction of new robot technology. “The use of more robots in industries will contribute to productivity improvement but, at the same time, can result in less employment and less income equality,” it mentioned, adding, “These adverse effects should be dealt with by job creation in those industries and the government needs to strengthen its income redistribution function as well.” The global robot market showed an average annual growth of 18% from 2010 to 2015. Specifically, the figure reached 20% in the industrial robot segment, led by automated vehicle manufacturing, while the service robot segment showed an average an...

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