With A 185M Fund Allocation Is South Korea Trying To Get Ahead In The Metaverse Race
With the help of governmental
Korea Investment Corp (KIC), South Korea's sovereign wealth fund, said on Thursday it plans to increase the allocation for alternative investments - like real estate, private
With the help of governmental support and their own funds, the Korean private sector has been creating many successful Metaverse projects.
The initiative involves establishing funds that combine Korean capital with the management prowess of foreign VCs. With a target of raising over 1 trillion won annually, the Global Funds
South Korea
The South Korean government, through its Ministry of ICT, Science and Future Planning, has announced its plan to invest in the metaverse industry.
South Korea’s Ministry of Science and ICT announced investments in a fund dedicated to driving metaverse initiatives in the country. According to the official
South Korea's investment of around $177.1 million is among the first investments in the nascent industry to be made by a national government and is a cautious
South Korea
South Korean Government Intends To Invest $187 Million In
South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion Korean won ($186.7 million) to create a broad metaverse ecosystem to support the
South Korea is betting on the metaverseand it could provide a
S.Korea's sovereign wealth fund to boost alternative investment
South Korea launches ‘Metaverse Fund’ to expedite
South Korea to invest $187M in national metaverse project
The metaverse has been existing
South Korea to Invest $185M into Next-gen Metaverse Project
Technology Giant South Korea’s Metaverse Experiences
The metaverse has been existing for quite some time, but only post Facebook’s rebranding to Meta, did the hype start gaining more steam. Mainstream brands
Based on the announcement by
Based on the announcement by the South Korean government, earlier reported by Forkast, the Ministry of ICT will be putting in $185 million to implement blockchain
South Korea's Global Funds Initiative - by Carl Härtlein - Substack
With a $185M fund allocation, Is South Korea trying to get ahead