🇰🇷 South Korea to invest $187M in national Metaverse South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country. The Ministry said that funds will be spent on completing four main objectives in creating what appears to be an all-encompassing Metaverse ecosystem titled the Expanded Virtual World. The government agency intends on using its Metaverse as a platform for expanding the virtual industrial growth of cities, education, and media. The Ministry said that it will host community-oriented creative activities, a Metaverse developer contest, and a hackathon.