Lim Hyesook, Minister of Science, stated the metaverse was 'an uncharted digital continent with indefinite potential,' showing the possibilities the government sees in this new technology. Web3
The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies. South Korea is one of the first countries to put funds into this field.
The investment is part of the new tech focus South Korea has included in its Digital New Deal, a set of guidelines that the government is following to push citizens to transition to a fully digital society.While there are various companies and firms that are already investing in the metaverse, there are not many countries that have gotten into such investing directly.
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