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Ministry of Science and Information and Communication Technology of South Korea announces an investment of $185 million to establish a metaverse ecosystem

2022/02/28 03:57

According to Forkast, the Ministry of Science and Information and Communication Technology of Korea announced an investment of 223.7 billion won ($185 million) to build the country’s metaverse ecosystem. The ministry will use its funds to develop a decentralized creator economy, nurture talent, and support companies developing VR/AR devices. Currently, a pan-government committee is dealing with issues in the virtual space, such as personal information and intellectual property protection, as well as oversight of illegal practices.
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