Federal Minister Peter Altmaier meets with Korean Minister for Small and Medium-Sized Enterprises and Start-ups Young-sun Park

© BMWi/Andreas Mertens

Germany and Korea are strengthening their cooperation on Industry 4.0. Federal Minister for Economic Affairs and Energy Peter Altmaier today met with the Korean Minister for Small and Medium Enterprises and Start-ups, Young-sun Park, on the occasion of a signing ceremony between Labs Network Industrie 4.0 (LNI 4.0) and Korean Smart Manufacturing Office (KOSMO).

The association LNI 4.0, which was set up together with Plattform Industrie 4.0, has signed a cooperation agreement with Korean Smart Manufacturing Office (KOSMO). The signatories want to work together to promote research and development of Industry 4.0 solutions, which will primarily benefit small and medium-sized enterprises.

Minister Altmaier said: "The Joint Agreement we have concluded today is a further milestone for us as we seek to gain international support for our activities in the field of Industry 4.0 and to network with innovative partners. The deepening of our cooperation will equally benefit both sides. Today, Korea is one of the most important partners for Germany in Asia in the field of industry and technology and we we have much in common and shared values.

The COVID-19 pandemic shows how important digitalisation is for making value networks resilient and flexible. This is a global task. International cooperation is the basis for building mutual trust and opens the door to market opportunities for Industry 4.0 products from both countries. In 2019, the trade volume between the Federal Republic of Germany and the Republic of Korea amounted to nearly 30 billion euros.

The GAIA-X project, too, is sparking great interest in Korea because it enables sovereign and secure data exchange between companies, and is thus providing an essential element for Industry 4.0 applications. Minister Altmaier and his Korean counterpart, Minister Park, discussed possibilities for intensifying cooperation between both countries.

Due to the current situation, the signing ceremony took place in online format.

About LNI 4.0: Labs Network Industrie 4.0 e.V. (LNI 4.0) serves as a dialogue, competence and experimentation platform for German companies, especially small and medium-sized ones. LNI 4.0 is a non-profit, pre-competitive association in which companies can test technologies, innovations and business models related to Industry 4.0 – with minimal financial and technical risk – in an environment free of competitive pressure.

LNI 4.0 is a rapidly growing network that currently consists of more than 45 renowned test centres (labs) and around 300 companies throughout Germany. The network is using more than 120 use cases and five large testbeds covering diverse domains in order to test Industry 4.0 innovations in real-life conditions.

LNI 4.0 e.V. was jointly founded by Deutsche Telekom, Festo, SAP, SIEMENS and the associations Bitkom, VDMA and ZVEI.