South Korea’s Gyeongbuk province plans to use the metaverse to expand economic and other relations with Vietnam, the province’s governor, Lee Cheol-woo, said on Friday during a visit to the Southeast Asian country.

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Fast facts

• “We give priority to expanding economic, cultural, commercial and people-centered exchanges with Vietnam using the metaverse,” Lee said in Vietnam’s Bắc Ninh province, according to a Gyeongbuk press release on Monday.
• No specific amounts of investment have been decided, said a spokesman for Gyeongbuk province, which declared itself South Korea’s “capital of the metaverse” in February, with regulatory breaks and tax breaks.
• The metaverse refers to a network of virtual 3D…