February 12th, 2009 in Breaking News

$1.6b for ‘Robot Land’

$1.6b for robot theme parks.

SEOUL - SOUTH Korea will spend about US$1.05 billion (S$1.6 billion) to build two robot theme parks as part of a drive to nurture the robotics industry as a new growth engine, officials said on Thursday.

The Ministry of Knowledge Economy said it would build the world’s first robot theme park by the end of 2013 in Incheon, a port city west of Seoul.

The government said it has set aside 784.5 billion won (US$559 million) for the Incheon park, to be called ‘Robot Land.’ Construction would begin later this year, it added.
February 12th, 2009 in Breaking News