Daesung Private Equity held a signing ceremony for the establishment of its 110 billion won ($83.5 million) Daesung Metaverse Scale-Up Fund on Tuesday at the company’s headquarters in the Gangnam district of southern Seoul. . [DAESUNG GROUP]

Daesung Private Equity formed a 110 billion won ($83.5 million) metaverse fund.

Dubbed the “Daesung Metaverse Scale-Up Fund,” it is the largest fund dedicated to the metaverse in Korea, according to the investment company.

The 110 billion won fund was established in conjunction with the Korea Venture Investment Corp.’s Korea Fund, which is run by the state…