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Metaverse News March 9, 2023

South Korea to spend a total of $51 million on Metaverse projects

South Korea’s Ministry of Science and Technology announced Wednesday that it will invest 27.7 billion won ($21 million) in local services utilizing Metaverse. The $21 million investment will support 13 new projects in areas such as healthcare, education and tourism that will leverage Metaverse innovative services to improve services to the public.

South Korea announced a 40 billion won ($30 million) fund on Tuesday that will encourage small players in the metaverse to aggressively seek mergers and acquisitions to expand their businesses into global markets.

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