South Korea hosts the World Metaverse Conference

Busan, South Korea’s second-largest city, is set to host the Global Metaverse Conference and the ASEAN-Republic of Korea Forum from August 18-19, it was announced on Wednesday.

City Mayor Hyung Joon Park The event will be hosted with Busan Information Technology Industry Promotion Agency (BIPA) CEO and President, Moon Seop JeongFor global and local technology companies.

The event will be held in partnership with Korea’s Ministry of Science and Information and Communication Technology and organized by the country’s Information Technology Industry Promotion Agency (NIPA) to explore business opportunities in the region.

Experts, companies and analysts will attend the event to discuss the Metaverse, emerging technologies, non-fungible tokens (NFTs), and collaborative efforts with ASEAN member countries. Companies such as NVIDIA, AMD, Pinscreen, Deutsche Telecom and Oculus are scheduled to attend the talks on August 18.

The event will focus on themes from its theme “Metaverse, Beginning of a New World” and is expected to look at trends, services, analysis and overall schemes for the Metaverse, specifically among ASEAN countries.

Moon Seop Jeong said in a statement:

“Metaverse has expanded into the VR, AR and XR business, and is expected to grow by 40% year-on-year over the next decade. We expect this event to serve as a venue to explore industry trends and discuss various possible collaborations with ASEAN.”

This news comes within the framework of South Korea’s Ministry of Information, Communications and Science Technology (MSIT) pays to become The fifth largest global market for the Metaverse and sets its own roadmap to reach the goal, that is, after pledging in January to create about 220 metaverse companies and aim to facilitate 40,000 tech jobs by 2026.

The country’s Ministry of Information, Communications Technology, Science and Future Planning has also pledged US$186.7 million to build the enterprise-level Metaverse. environmental system Complete with immersive technologies and research and development (R&D) support. The ministry aims to build a sustainable Metaverse through public and private partnerships (PPPs) to allow state companies to compete with global companies.

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