🚀 South Korea to Launch Metaverse Fund to Boost Emerging Technologies
#SouthKorea #MetaverseFund #EmergingTechnologies #Investment #ExtendedReality #ArtificialIntelligence #DigitalTwins #Blockchain #SMEs #InternationalExpansion #TechInnovation
According to Foresight News, South Korea's Ministry of Science and ICT announced plans on March 24, 2025, to establish a 'Metaverse Fund' worth approximately 40 billion Korean won this year. The fund will consist of 23 billion won from government reinvestment and 17 billion won from private contributions, with a minimum target of 40 billion won.
The selected management companies will focus on investing in small and medium-sized enterprises (SMEs) that are developing key foundational technologies for the metaverse, such as extended reality (XR), artificial intelligence (AI), digital twins, and blockchain. These investments will account for more than 60% of the fund's allocation.
Additionally, to foster AI integration in promising metaverse enterprises, the chosen management companies are required to invest over 50% in AI integration or overseas companies. This strategy aims to support active international expansion and export activities.#SouthKorea #MetaverseFund #EmergingTechnologies #Investment #ExtendedReality #ArtificialIntelligence #DigitalTwins #Blockchain #SMEs #InternationalExpansion #TechInnovation
🚀 China's Urban Commercial Enhancement Plan Emphasizes Emerging Technologies
#China #UrbanCommerce #EmergingTechnologies #AI #IoT #CloudComputing #Blockchain #ExtendedReality #BigData #SmartBusiness #ConsumerExperience #PrecisionMarketing #OnlineShopping #UrbanPlanning #Logistics #SafetyServices
According to Foresight News, the Ministry of Commerce and four other departments have issued the 'Urban Commercial Enhancement Action Plan.' The plan highlights the integration of emerging technologies such as artificial intelligence, the Internet of Things, cloud computing, blockchain, and extended reality into urban commercial systems.
On the operational side, the plan aims to enhance the functionality of big data platforms in urban commercial districts. It seeks to expand the monitoring scope and frequency of foot traffic and sales in key pedestrian streets and commercial areas nationwide. This will involve in-depth analysis of consumer characteristics and trends, as well as improvements in land use planning, investment attraction, logistics management, and safety services.
On the consumer side, the plan focuses on developing new smart business models, including intelligent guidance, precision marketing, online shopping, and immersive experiences. It also promotes the implementation of 'artificial intelligence + consumption' scenarios.#China #UrbanCommerce #EmergingTechnologies #AI #IoT #CloudComputing #Blockchain #ExtendedReality #BigData #SmartBusiness #ConsumerExperience #PrecisionMarketing #OnlineShopping #UrbanPlanning #Logistics #SafetyServices
🚀 South Korea Advances in Immersive Content with AI and XR Collaboration
#SouthKorea #ImmersiveContent #AI #XR #Blockchain #SkonecEntertainment #Fancii #CryptoAI #ExtendedReality #NS3AI #TechCollaboration
Skonec Entertainment has entered into a partnership with Fancii, an AI and blockchain platform operator, to create immersive content utilizing AI and extended reality (XR) technologies. According to NS3.AI, the collaboration will focus on joint planning, system integration, and pilot projects aimed at commercializing crypto AI-based XR content. This strategic agreement is designed to enhance South Korea's standing in the immersive content industry by promoting the integration of crypto AI and XR innovations.#SouthKorea #ImmersiveContent #AI #XR #Blockchain #SkonecEntertainment #Fancii #CryptoAI #ExtendedReality #NS3AI #TechCollaboration