South Korean steel maker Posco’s IT and engineering wing POSCO ITC will build a smart factory that can efficiently monitor and analyze factory operation data in the southern port city of Busan in South Korea. Posco ICT won a contract to convert a steel processing factory owned by Bn Group into a smart factory. Using the internet of things technology, the company will establish a system that can manage the entire production process including inventory and facility management. Posco ICT will collect and analyze operation data of Bn Group's steel factory and establish a smart factory system that can automatically manage major equipment. The information communication technology company will also develop a smart system called Smart SMB Manufacturing Execution System in which quality control and inventory management are integrated by 2022. POSCO ICT promoted the first lighthouse factory in Korea to POSCO Smart Factory and is expanding its smart factory business to mid-sized manufacturing companies in Korea by utilizing abundant business references and know-how. This project is carried out through a smart factory support project promoted by KOREA Smart Manufacturing Office under the Ministry of SMEs and Startups.Bn Group's factory is mainly used to produce surface-treated steel plates for home appliances, ships and construction. BN Group has 13 affiliates including companies specialized in shipbuilding equipment, liquor and venture investment. Bn Group is gradually promoting the conversion of all factories to smart factories using the government's smart factory support program.