Korea Announces Five-Year Metaverse Strategy

The Department of Research and ICT has announced a 20-5 year plan to lead the global competition. Korea plans to enter the top 5 in the global metaverse industry by supporting 40,000 experts in the metaverse region. Additionally, South Korea's Department of Research and Information Technology said a metaverse could create 1.5 million jobs outside the earthly body. According to the data, the virtual market in South Korea is expected to grow CAGR over 36% in 2018 and is expected to be worth over $2.5 billion by 2024. The government will also focus on protecting people who profit risks. that virtual reality can create through design processes. (Forecast)