South Korea to Launch Metaverse Fund to Boost Emerging Technologies

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.