Samsung Electronics is growing its influence in South Korea and the tech industry. The company announced that it had achieved the status of the largest shareholder in Rainbow Robotics, a South Korean robotics manufacturer.

Rainbow Robotics was founded in 2011 by a team from South Korea’s KAIST. The team developed the country’s first two-legged walking robot in 2005.

Samsung Electronics became the largest shareholder of South Korea's Rainbow Robotics, the robotics company said in a regulatory filing on Tuesday. Samsung, which had previously invested in the robotics company,

Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake

Samsung said it planned to use its investment in Rainbow Robotics to strengthen its work on developing advanced robot technology, especially humanoid robots. The company said it first acquired a 14.7% stake in the robotics firm in 2023 with an investment of 86.