Director General for Materials and Components Industries Kim Yong-rae of the Ministry of Trade, Industry and Energy (MOTIE) gives a speech at the 2015 Embedded Software & Wearable Conference at the K-Hotel in Seoul on April 22.(Photo:MOTIE)

The domestic embedded software and wearable gadget markets are forecast to be growing fast as so-called Manufacturing Innovation 3.0 calling for creation of new added values through convergence of IT technology and software is to be put into practice in a full-fledged manner. 

The Ministry of Trade, Industry and Energy (MOTIE) hosted the 2015 Embedded Software & Wearable Conference at The K Hotel in Yangjae-dong, Seoul, on April 22 and discussed ways of nurturing the embedded software and wearable industries. 

Among some 300 people on hand at the event were Director-General Kim Yong-rae of the Materials and Components Industries at the MOTIE, President Kim Kyung-won of Korea Electronics Technology Institute, Chairman Min Kyung-oh of the Korea Embdded Software and System Industry Association and President Jun Jin-ok of BIT Computer.

In his commemorative speech at the event, Director-General Kim said, “Amid global focus on the importance of innovational in the wake of the global financial crisis, embedded software realizing added values of the manufacturing industry and the wearable industry, a new growth engine, emerge as new solutions.” He went on to say that the government will aggressively nurture the emdedded software and wearable industries as driving forces to lead the creative economy, by establishing related policies based on views from experts from industry, academia and research circles.  

The conference served not only as an occasion to share the latest technology trends and practices, but also to explain MOTIE’s major policies, including the Manufacturing Innovation 3.0 Strategies.

The MOTIE announced strategies to develop the embedded software industry in 2013, strategies to realize software-oriented society and translation plans of Manufacturing Innovation 3.0 Strategies this past May to build growth foundation for the embedded software and wearable industries. 

In particular, the wearable segment is one of the top 13 segments the government designated in December 2013 as growth engines to drive the national economy in the years to come. A project to develop new wearable technologies is undergoing a feasibility study, which will be completed in the first half of this year, and it is to be put into practice next year. 

(Source:MOTIE)