Korean Metaverse

Korean Metaverse
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While we are on the subject of the Metaverse, the South Korean government has come up with a roadmap for establishing the country as having the 5th largest global Metaverse market share by 2026.  The government announced the “Metaverse New Industry Leading Strategy” which details 24 ‘tasks’ that it sees necessary for the development of the Metaverse and South Korea’s place globally, including the training of 40,000 Metaverse experts, the creation of a Metaverse Academy (180 students to start), two Graduate Schools, and the ‘fostering’ of 220 specialized companies to fulfill the task list, which the government has divided into 10 categories below (not our translation).
The Metaverse hub, currently located in Pangyo Techno Valley, South Korea’s answer to Silicon Valley, will expand to across the country, along with the creation of a number of demonstration facilities and all will operate under mandated “Metaverse Ethical Principals”, a self-regulatory norm with guidelines that prevent damage to consumers, sexual exploitation, disseminating harmful information, checking information on digital goods, and guaranteeing the consumer’s right to withdraw subscriptions to services.
While we are certainly mindful as to how focused the South Korean technology mindset is, we expect things might not be as easy as laid out below.  Since much of the Metaverse depends on the hardware needed to place the user in a virtual world, we expect much of the early development will still be oriented to a 2D world view.  That said, the US government is still trying to figure out what it is that Facebook (FB) does and how their algorithms affect mental health so we have to give credit to the South Korean government for trying to plan ahead while our lawmakers are still stuck on whether we should negotiate drug prices under Medicare…

1. Metaverse Life                                        Implement major urban centers as “Digital Mirror Worlds”; Connect virtual and real experiences and realize everyday life.
2. Metaverse Tourism                               Tourist attractions, museums; Implementation of ritual purchase activities & travel or watch local festivals vividly.
3. Metaverse Culture & Art                      Ultra-realistic virtual performances, competitions and large audiences; Artistic activities and works, such as 2 way communication.
4. Metaverse Training                               Immersive training, multilateral engagement discussions in virtual classrooms; Help users create, trade, and leverage educational content.
5. Metaverse Medical                                Digital therapeutics using the Metaverse; Non-face group; Addiction treatment, rehabilitation guidance.
6. Metaverse Media                                   Avatars that synchronize with reality, such as movement, expressions, etc; Ongoing virtual broadcasting and realistic OTT services.
7. Metaverse Creation                Easy and comfortable Metaverse service for ordinary users; Ownership of the results of development.  Implement a virtual world where the reward system works.
8. Metaverse Manufacturing                  Production manufacturing process equipment virtualization and work efficiency; Optimize, increase productivity, improve quality, and manage safety.
9. Metaverse Office                                   Online office environment access, video conferencing, data sharing; Provide a realistic office environment where you can perform your work.
10. Metaverse Government                              Government and local administration and complaint services; education;