• South Korea will boost the “metaverse” with the support and investment of its government.
• Role of the Ministry of Science and ICT to support the country’s emerging industry.
• The nascent industry lurks with an immense amount of opportunity.

The South Korean authorities showed their interest in early 2022 to ‘break’ the metaverse, declaring in January an investment of 170 million dollars in concept of VR (virtual reality) and potential technology.

efforts to win

Yoon Suk-yeol, President of South Korea, declared that technology is the country’s priority, with the aim of laying the foundation for the nation to emerge in the top five in the global metaverse by 2026. The Ministry of Science and Technologies of Information and Communication (ICT) published a non-binding set of ethics guidelines at a meeting held on…