Fact Sheet

Business potential in the four most promising MEM industries in Korea

South Korea is one of the most advanced countries in terms of technology and innovation. Within the mechanical, electrical and metal industry (MEM), the Swiss Business Hub Korea has identified opportunities for Swiss SMEs in the topics of additive manufacturing, assembly & factory automation, logistics solutions and environmental technology. Find out more in the factsheets below.

MEM industry

Additive manufacturing (3D Printing)

The Korean additive manufacturing, also known as the 3D printing market, has grown at a CAGR (Compound Annual Growth Rate) of 23% during the period of 2014-2019 and global companies are continuously entering the market. This dynamic and fast-growing market has various business opportunities to offer to Swiss companies. The factsheet, which can be downloaded below, informs Swiss exporters interested in entering the Korean market briefly on the market development, key players, and trends.

Assembly and Factory Automation

Manufacturing accounts for the highest share of Korea’s GDP at 30% and Korea is ranked first among OECD countries in terms of its manufacturing sector’s share out of the total GDP. The demands and needs for a factory automation solution is high compared to other countries. This can pose opportunities especially to Swiss companies. Find out more in the factsheet below, which provides an overview on the Korean assembly & factory automation market, mainly covering the components, technology, and service of the smart factory industry.

Logistics Solution (incl. handling and storage equipment)

The logistics solution market consists of various products & services, including standard handling & storage equipment (palette, rack, conveyor), logistics robots, and automated logistics systems. With increasing demand for logistics and delivery associated with the COVID-19, the factsheet below examines the tremendous potential of the Korean market, making it an excellent target sector for Swiss companies to make inroads to.

Environmental Technology

Korea’s environmental technology market has grown at a CAGR of 12% during the period of 2004-2019. The market is dominated by local SMEs and lacks advanced technologies, which posing diverse opportunities for foreign entrants. Get an overview on the overall Korean environmental technology market, covering market development, major players, and key market trends in the factsheet below.

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