Wearable Robots that Enhance Physical Abilities Are Gaining Attention.

Market research firm Stratistics Market Research forecasts that the global wearable robot market will grow from $1.79 billion last year to $16.23 billion by 2030, with an average annual growth rate of 44.4%.

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These systems assist and augment the wearer’s physical strength and are considered a technology-intensive field that must account for both performance and safety. The commercialization of cutting-edge technology has the potential to transform our daily lives. Wearable robots could be a key solution to strengthening societal competitiveness in countries facing demographic challenges such as aging and low birth rates.

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FRT Robotics is leading the development of strength-assisting robots that integrate robotics technology, accelerating an era where humans and robots work hand-in-hand.

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◆ Robots for Everyone

FRT Robotics specializes in “exoskeleton” wearable robots, providing assistive devices for workers in diverse fields such as industry, caregiving, and household labor.

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Jang Jae-ho, CEO of FRT Robotics, stated, “We are developing and mass-producing robots that can be used by the majority of workers. These robots assist in work tasks, significantly reducing fatigue and helping prevent musculoskeletal disorders (MSDs) commonly caused by repetitive tasks.”

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FRT Robotics’ products have been validated in over 100 sites nationwide. The company has also collaborated with agencies like the Korea Forest Service and the National Fire Agency. Jang noted, “Although the large-scale procurement market has yet to open, we have proven our technological capabilities through B2B and B2G business channels, and we plan to expand our deployments in the future.”

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Exoskeleton applications are not limited to industrial settings. They are also useful in medical rehabilitation, elderly mobility assistance, and military logistics. They are particularly drawing attention as a solution to labor shortages in aging societies.

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Jang explained, “Many advanced countries, not just Korea, are facing severe labor shortages in industrial sites. As workers age, widespread adoption of exoskeleton robots could extend the careers of skilled workers and enhance productivity. Moreover, for seniors who often rely on others for daily activities, these robots can offer a means of independence, highlighting their broad applicability.”

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He added, “These robots do more than support physical functions. They can also utilize data gathered from the field to optimize work performance. Alongside the growth of humanoid robots, wearable robots will become a key pillar supporting the robotics market.”

 

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◆ Expanding the Reach of Technology

Jang, a former researcher at the Korea Institute of Industrial Technology (KITECH), founded the company with the vision of making technology accessible to a broader population.

“I’ve been working on exoskeleton-related technology since 2001. During my time at a government-funded research institute, I received public funding for R&D, but the road to commercialization was slow and challenging. Since this technology was developed using taxpayers’ money, I wanted to return the benefits to society through a virtuous cycle,” he said.

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With the support of local governments and public institutions, FRT Robotics was able to establish a research and production base in the Gyeongsan Knowledge Industrial Complex. Although the company began operations in the Seoul metropolitan area, the trust it built with local governments led to relocating its headquarters.

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“The robotics market is still small, and it’s especially difficult for startups to establish themselves compared to traditional manufacturing. Fortunately, Gyeongbuk Province, Gyeongsan City, and the Daegu-Gyeongbuk Free Economic Zone Authority have shown strong commitment to nurturing the robotics industry and have provided substantial support. In particular, the Free Economic Zone Authority has established a systematic support framework that’s now a launching pad for our next opportunities.”

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He also noted, “Most of our employees are in their early to mid-30s. We continuously strive to improve our work environment, and it’s rewarding to share the company’s vision and grow together.”

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Recently securing Series A investment, FRT Robotics is preparing for a significant leap forward.

“Our goal is to expand the benefits of our technology beyond industrial sites and into society as a whole. We take great pride in contributing to a better society through our innovations, although we’re also keenly aware of the responsibility that comes with it. Fortunately, the investment process has gone smoothly, giving us a more stable foundation. We are also preparing for an IPO in the near future,” said Jang.

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He concluded, “This year will mark a major milestone in FRT Robotics’ growth. We plan to begin exporting and enter the global market. While we pride ourselves on being Korea’s No.1 in exoskeleton robots, we won’t be satisfied until we are recognized worldwide.”

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