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.