The South Korean government declares a $170 million fund in January to invest in the virtual reality concept. However, its associated digital technologies set the stage for the nation’s interest in taking the lead in the so-called “metaverse world” in early 2022.

The funds will lay the foundation for the country to be among the top five developing nations in the metaverse by 2026. According to South Korean President Yoon Suk-yeol, technology is a national priority. Park Jin, Minister of Foreign Affairs, stated that the country is on the verge of becoming a metaverse powerhouse.

South Korea: metaverse love

South Korean companies and local governments have piled on virtual world projects. However, following the example of the government. The virtual replica of Seoul is being built as…