SouthKorea commits $51M to support metaverse development
South Korea has announced an investment of $51 million to support the development of its metaverse industry.
South Korea has recently announced a significant investment of 27.7 billion Korean won into local services that aim to utilize the metaverse.by the South Korean Ministry of Science and ICT, the investment will support 13 new projects in sectors such as healthcare, education, and tourism that will leverage the metaverse to improve public services.
“In the field of industrial convergence, the metaverse healthcare platform that provides various health care services such as health management and psychological counseling, and the metaverse education platform that provides high quality public education services for students with health disabilities in elementary, middle, and high schools, are discussed.”ecosystem. In February 2022, the country invested approximately $185 million towards metaverse efforts.
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