South Korea, the world’s 10th largest economy, recently announced a series of massive initiatives aimed at developing domestic technologies to position the nation as the 5th largest metaverse hub.

The news comes as the South Korean Ministry of Science and ICT, along with the National IT Industry Promotion Agency (NIPA), recently announced that they would foster the national metaverse and XR-related companies. to enter global markets.

The government previously revealed its ‘New Metaverse Industry Leading Strategy’ in January, which aims to develop the country’s digital ecosystem amid challenges related to competitiveness and investments.

XR today interviewed Mija Kim, CEO of The Welcome, Ltd.a South Korean company specialized in training and accommodation of public institutions…