"Our robot is the world's first manned bipedal robot and is built to work in extreme hazardous areas where humans cannot go (unprotected)," Hankook Mirae Technology’s chairman, Yang Jin-Ho, said in a statement when the mech was first unveiled. According to Engadget, Yang invested over $200 million in the project, and has been working with Bulgarov -- a Hollywood SFX specialist with credits in films like Transformers, Terminator and Robocop -- since 2014 to bring the massive undertaking to life.
Right now, the robot is still wobbly on its feet -- hence the comparison to its first “baby-steps” -- and is tethered by a power cable to keep it on balance, according to PhysOrg. The immediate goal though, according to Bulgarov, is to develop a mounted platform that would enable the mech to maneuver through uneven terrain without a tether. This application could also supply extra battery life in areas with limited access to a power-source.