Hyundai has unveiled a new “wearable robot”, one which the South Korean automaker, compares to the Iron Man suit, saying it gives the wearer extra strength, allowing them to lift objects “hundreds of kilograms” in weight.
Such a robot development is in line with Hyundai’s vision for free mobility of people and things.
According to the company’s blog post (Get Google translate ready) the wearable robot could be used in factories, by the military, or to help with physical rehabilitation in the nearest future.
Hyundai Group was a multinational chaebol (conglomerate) headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction firm and Chung was directly in control of the company until his death in 2001.
Following the 1997 East Asian financial crisis and Chung’s death, Hyundai underwent a major restructuring and break-up, which reduced the Hyundai Group’s business to encompass only container shipping services, the manufacturing of elevators, and tourism. Today, most companies bearing the name Hyundai are not legally connected to Hyundai Group. They include Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be run by relatives of Chung. If these companies were considered as forming a single broad family business, then it would remain the largest company in South Korea with enormous economic and political power in the country.