Samsung Biologics will start partial operation of its fourth plant in Songdo, Incheon, in October this year, with plans to break ground on a fifth factory in the first half.
Expanded use of robots has resulted in a "meaningful" decline in demand for human labor in the manufacturing industry while replacing mostly "routine" and "repetitive" jobs, a central bank report said Wednesday.
Korean manufacturing is severely shorthanded due to a lack of foreign workers.
A gradual but steady increase in power consumption is the latest indication of economic recovery, along with healthy indicators in manufacturing, making President Moon Jae-in's goal of 4-percent growth for 2021 more possible.
The government announced that it will speed up the digital transformation (DX) of Korean manufacturers, including auto and steel makers and shipbuilders, in securing Korea's future growth.
Korea added around 600,000 jobs in 2019 mainly on the back of a rise in job positions in the public sector and social welfare service segment, data showed Thursday.