South Korea sees the potential in the Metaverse. The country’s Ministry of ICT, Science, and Future Planning pledges $186.7 million to create a broad ecosystem to support the growth of digital content and corporate growth within the country.
South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion Korean won to create a broad metaverse ecosystem to support the growth of digital content and corporate growth within the country.on Sunday that funds will be spent on completing four main objectives in creating what appears to be an all-encompassing metaverse ecosystem titled the “Expanded Virtual World.”
Hashed CEO Simon Kim pointed out that the new metaverse platform has a particular focus on boosting commercial expansion by providing financial support for participants. He told Cointelegraph on Monday that he doesn’t think there is a problem with the government providing funding because “the private sector is actively investing in the metaverse market.” He continued:
Park Yungyu, head of communication and policy department at the ministry, stated in the announcement that this initiative to build a metaverse platform is part of the broader “Digital New Deal” in South Korea. The Digital New Deal is a set of policies designed to foster the growth of digital technologies according to Park, who added:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea to invest $187M in national MetaverseThe South Korean government has pledged $186.7 million to support the growth of its new Metaverse platform called the Expanded Virtual World where creators, industry, and commercial talent are expected to converge.
Read more »
North Korea fires ballistic missile in resumption of testingNorth Korea has launched a ballistic missile into the sea, its neighbors say, in a resumption of weapons tests following a monthlong hiatus and as the United States and its allies are focused on Russia’s invasion of Ukraine.
Read more »
North Korea says it tested cameras for spy satelliteThe move suggests North Korea is looking to modernize its weapons arsenal and apply more pressure on the Biden administration.
Read more »
North Korea says it tested cameras for spy satelliteNorth Korea says it has tested cameras to be installed on a spy satellite, with the announcement coming a day after after its neighbors detected a new ballistic missile launch.
Read more »
N.Korea says it conducted test for developing reconnaissance satelliteNorth Korea said a test conducted on Sunday was for the development of a reconnaissance satellite system, state news agency KCNA reported on Monday, a day after a missile launch was detected from the country.
Read more »