The Korean Ministry of Science has announced that Korea will continue to invest $21 million in local services seeking to utilize the metaverse.
According to the announcement, the $21 million investment will support 13 new projects in sectors including healthcare, education and tourism that aim to innovate services using the metaverse to improve services. to the public.
South Korea’s 40 billion won ($30 million) fund announced Tuesday will encourage smaller businesses in the metaverse sector to actively seek mergers and acquisitions to expand their operations into the market. Global.
In February 2022, Korea invested about 185 million US dollars to develop the country’s metaverse ecosystem.
Since then, a series of metaverse projects have sprung up from both the private and public sectors, namely the launch of the Seoul capital’s metaverse clone.
Earlier in early 2022, the Korean government pledged 223.7 billion won (~186.7 million USD) to create a domestic metaverse ecosystem to support the development of digital content. and the development of domestic technology companies.