Our weekly roundup of news from East Asia curates the industry’s most important developments.
South Korea invests another $51M in metaverse tech
South Korea’s plans for metaverse domination are gathering pace. A March 8 document prepared by the Ministry of Science and Information and Communication Technology (ICT), the National IT Industry Promotion Agency and the Korea Radio Promotion Association, says the three entities will invest a total of 27.7 billion Korean won ($21 million) in metaverse projects across 13 sectors such as healthcare, tourism and education. One example use case is about telemedicine in the metaverse:
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“Establish a virtual counseling space and provide mental health recovery and promotion services through expert psychological counseling, healing contents, and community activities.”
The same day, South Korea’s Ministry of
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