South Korea will issue guidance to regulate the metaverse instead of enforcing existing law on video games, the Ministry of Science and ICT (MSIT) announced at a government briefing on Wednesday.

See related article: South Korea’s science ministry announces ethical principles for the metaverse

Fast facts

• The guideline that will be used to better promote and separate the video game metaverse will be prepared within this year.

• “We will not make the mistake of regulating a new service with an existing law,” said Park Yoon-kyu, director general of the ICT Policy Office at MSIT, while acknowledging that some elements of the metaverse are compared to traditional video games.

• There is an ongoing debate in South Korea about whether to designate the metaverse as a video game.

• South Korea…