Industrial Robotics / Changing Workforce

South Korea could be the first country in the world to implement a 'robot tax'


Aug 10, 2017

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Amid fears about robots replacing human jobs, South Korea could become the first country in the world to introduce a "robot tax."

A new proposal could see the country reduce the amount of tax benefits for companies that invest in automated machinery. While that's not exactly a direct tax on robots, it looks like the government is making investment in robotics less appealing for companies.

South Korea has the highest concentration of robots in the world, with 531 multipurpose industrial robots for every 10,000 employees in the manufacturing industry.

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