Charting the digital continent — East Asia’s race to construct the metaverse

South Korea in February 2022 appeared to be in pole place to grow to be East Asia’s chief in metaverse growth — outlined by the nation’s science ministry as an immersive, on-line, 3D digital world that allows growth of social and financial relations via digital avatars.  

In the identical 12 months, the federal government of former president Moon Jae-in introduced its Digital New Deal to pour as a lot as US$46 billion into constructing out a digital-based economic system and creating about 1 million new jobs within the course of.  

Whereas a comparatively small proportion of that, or US$170 million, was earmarked for metaverse funding, the previous Info and Communications Know-how Minister Lim Hyesook, described the metaverse on the time as “an uncharted digital continent with indefinite potential.” 

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