President Moon Jae-in has been discussing strategies to implement smart manufacturing in the southeastern province of Gyeongsangnam-do.
At a briefing session in the city of Changwon on Thursday, President Moon admitted the South Korean economy is losing steam because manufacturing,... the nation's traditional driving force,... is struggling due to lack of innovative new ideas.
His remarks come as Gyeongsangnam-do Province has adopted manufacturing innovation as its key growth strategy.
Asserting that so-called 'smart factories' are the key to innovation, President Moon pledged to back their expansion,... even offering support to small-and-medium sized firms to implement them as well.