South Korea announces its strategy: Target will enter the top 5 of the global metaverse market by 2026

According to the Korean Herald, the Ministry of Science and ICT today announced the government's metaverse business plan. Metaverse platform ecosystem, plant metaverse experts, support metaverse businesses, create a safe environment for all metaverse users

According to this idea, the development of various kinds of metavers will be led by private enterprises, and the Korean government will support self-metavers developers and enterprises through various means of support. For example, in the public service, the Korean government will take into account the importance of using the private website design Metaverse to develop its own version.

As part of this strategy, Korea plans to use cutting-edge technology for arts, culture, education, K-pop, and tourism, while building houses. Learn Korean Online for Foreigners on the metaverse platform.

At the same time, the government will establish the Metaverse Academy to support young talents, support the establishment of two Metaverse Talent Convergence Centers this year, and provide up to KRW 5.5 billion in funding to each school. year.

The government will organize a campaign to create growth for companies and students who simply want to use home software applications, and will organize a hackathon for metaverse creators.

To expand the metaverse process nationwide, the government will establish a metaverse facility later this year to provide space and facilities to support start-ups, and the government will also develop metaverse resources to support SMEs. . SMEs can expand their territory through mergers and acquisitions.

With these support measures, the government aims to secure 220 metaverse-focused enterprises (average annual sales of 5 billion won or more) by 2026 and train 40,000 professionals to become the fifth-largest metaverse industry in the world. world. (now 12th).

The metaverse code of ethics must be documented

The Korean government will plan a fair process for the virtual world to create a safe and secure environment for them. In light of the differences between Metaverse and the Internet, the government has announced that it will create a government-wide agency to review legislation related to and, if necessary, change intersection policies.

The Korean government defines the Metaverse as a platform that provides a virtual reality world where people and everything can interact to create business, relationships, and culture.

Minister of Science and ICT Lim Hye-sook said, “Metaverse is a new digital nation with infinite potential, and everyone can play an important role in realizing their dreams.

Director Lim Hye-sook said, "Through this initiative, we will work with key agencies and the Board to promote a wide range of initiatives, such as promoting the ecosystem, "expertise, business formation and innovation to ensure that Korea can become a world-class Korea." - Best Metaverse Country.

Works to support metaverse and blockchain marketing

The Korean government has recently been working hard to support the development of the metaverse and blockchain fields. According to a pre-Dynamic Zone report, Korea's Ministry of Science, ICT and Future Planning helped SMEs and venture capitalists Metaverse, blockchain and cloud computing to build blockchains in September last year.

In November last year, Seoul announced that it would build the Metaverse Seoul, a metaverse platform worth 3.9 billion won.