South Korea’s government set the tone early in 2022 for the country’s interest in getting a lead in the so-called metaverse world, announcing a US$170 million fund to invest in the virtual reality idea and its digital technologies in January. The funds are to set the stage for the country to be in the top five nations in metaverse developments by 2026, with South Korean President Yoon Suk-yeol saying the technology is a national priority. Minister of Foreign Affairs Park Jin doubled down on that message at the forum for Global Innovation in Seoul on Dec. 9, saying the country is set to be a powerhouse of the metaverse. (forkast)
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South Korea Keeps Betting on the Metaverse, Ignoring the Current Clunky Technology
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