The MZ generation is flocking to smart factories… Productivity jumps 33.6% and sales increase 12.7% [AI Prism*Startup Founder News] [Korean]

Author: 서울경제 | Source: 서울경제 | Read the full article in Korean

The shift towards smart factories is proving to be a beneficial solution for addressing the mismatch in youth employment within the manufacturing sector. Companies like Hwasin Precision, located in Chilgok, South Korea, have seen a significant increase in their workforce under the age of 30 after implementing smart factory systems. This transformation not only enhances productivity through automation and robotics but also boosts the skill sets of young workers, making them more competitive in the job market.

In addition to the positive impact on employment, the article highlights the impressive growth in productivity and sales for businesses that have adopted smart factory technologies. According to the Small and Medium Business Technology Information Promotion Agency, companies that have transitioned to smart factories have experienced a 33.6% increase in productivity and a 12.7% rise in sales. This shift is changing the perception of manufacturing jobs, which were once viewed as undesirable, by creating a more appealing work environment for younger generations.

Furthermore, the article discusses the recent announcement by Hyundai Motor Group regarding a substantial investment plan in the United States, which aims to create thousands of jobs and enhance local production capabilities. This move reflects a broader trend among global companies to invest in U.S. operations, driven by the need to adapt to changing economic conditions and trade policies.

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