What They Say
The South Korean government said that it would invest $187 million towards a national metaverse project.
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:
“It is important to create a world-class metaverse ecosystem as the starting point to intensively foster a new hyper-connected industry.”
What We Think
If the Metaverse gets going this time around, this could certainly help Korean companies to jump on the bandwagon. (BR)
