According to the Ministry of Knowledge Economy, Korea will introduce high-tech identification tags on steel, electronic and pharmaceutical products as part of its ongoing effort to enhance overall inventory control of its businesses. As reported in the Joongang Daily, the effort, which will receive 5.1 billion won ($4.5 million) in state support, aims to attach radio frequency identification tags (RFID) and build related sensor network systems to maintain real-time accurate monitoring on various products.
The ministry said Posco plans to use 2 million tags on its steel products and help set up related information technology infrastructure for 17 affiliates. LG Electronics said 860,000 tags will be used within the year on its flat-panel displays, while another 5.9 million may be used next year on monitors. The latest support measures are part of a larger effort by Korea to become one of the top three industry leaders in RFID and related sensor networks.
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