SEOUL, Nov. 25 (Korea Bizwire) — The pandemic has expedited the process of digital transition, increased information and communications technology (ICT) investment and encouraged tech startups. The Ministry of SMEs and Startups reported a 26.1 percent increase in the number of tech startups between January and September of this year, adding a total of 34,240 [...]
SEOUL, Nov. 19 (Korea Bizwire) – The financial industry is beginning to explore the possibility of businesses in the metaverse space, where digital assets could serve as a new growth engine for the banking sector. Cyworld Z, operator of Cyworld service, announced on Thursday that the state-run Industrial Bank of Korea (IBK) will enter the [...]
SEOUL, Nov. 17 (Korea Bizwire) — A metaverse event on Wednesday will conjure up late national independence hero Kim Gu in the virtual space to welcome him back home from China, 76 years after his little-celebrated homecoming amid complex post-independence politics. The Seoul Museum of History said the event, set to be held on the [...]
SINGAPORE, Nov. 11 (Korea Bizwire) — Singularity Studio (SS) is a metaverse development company and creator of the successful GameFi dapp, Zoo Crypto World (ZooCW) on the Binance Smart Chain. SS has brought together experienced blockchain pioneers and talented traditional gaming experts with the goal of connecting the digital and physical into a dual-metaverse. It [...]
SEOUL, Nov. 9 (Korea Bizwire) — Elite colleges and universities appear to be riding the metaverse wave as Yonsei University recently held an exotic off-campus team-building outing — commonly referred to in South Korea as “membership training” (MT) — using popular virtual platforms including Gather Town and Roblox. Over 100 college students from Global Leaders [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean retailers are increasingly turning to metaverse platforms for marketing. Metaverse, a combination of meta (meaning beyond) and verse (from universe), refers to a three-dimensional virtual shared world in which all activities can take place with the help of augmented- and virtual-reality services. BGF Retail Co., the operator [...]
SEOUL, Nov. 3 (Korea Bizwire) – The Seoul city government said Wednesday it will offer a new concept public service through online virtual worlds by building its own metaverse platform for the first time among local governments nationwide. The city’s own high-performance platform, tentatively named Metaverse Seoul, will be established by the end of next [...]
SEOUL, Oct. 26 (Korea Bizwire) — Kakao Entertainment, an entertainment arm of tech giant Kakao Corp., said Monday it will participate in Metaverse Entertainment, a subsidiary of game developer Netmarble F&C Inc., as a strategic investor. The company will acquire 80,000 new shares for 12 billion won (US$10.2 million) through a third party allotment in [...]
LONDON, Oct. 1 (Korea Bizwire) — The $10 million raised will be leveraged across The Luxury Ecosystem’s various projects, including The Luxury Bank, The Luxury Foundation, a cryptocurrency PoS system, offline cryptocurrency exchanges, an NFT marketplace, a job portal, and a news magazine. The funds will also be used to complete The Luxury’s much-anticipated Luxandia, [...]
SEOUL, Sept. 28 (Korea Bizwire) — LG Electronics Inc. said Monday that it will carry out its global donation campaign LG Come Home Challenge in a customer participation format using metaverse platforms. The company plans to operate a home electronics experience zone under the concept of ‘healthy life’ at metaverse gaming platforms such as the [...]