LIGHTNING LABS ENABLES

South Korea

South Korea launches ‘Metaverse Fund’ to expedite

South Korean Government Intends To Invest $187 Million In

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

The Metaverse Has Been Existing

South Korea to invest $187M in national metaverse project

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

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

South Korea

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’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's Global Funds Initiative - by Carl Härtlein - Substack

The Initiative Involves Establishing Funds

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

With a $185M fund allocation, Is South Korea trying to get ahead

South Korea is betting on the metaverseand it could provide a

With The Help Of Governmental

With the help of governmental support and their own funds, the Korean private sector has been creating many successful Metaverse projects.

South Korea to Invest $185M into Next-gen Metaverse Project

S.Korea's sovereign wealth fund to boost alternative investment

Based On The Announcement By

Technology Giant South Korea’s Metaverse Experiences

The South Korean government, through its Ministry of ICT, Science and Future Planning, has announced its plan to invest in the metaverse industry.

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