SEOUL, Oct. 7 (Korea Bizwire) – South Korea will invest more than 400 billion won (US$358 million) over the next five years in developing new virtual reality (VR) products and narrow its technology gap with global leaders, the government said Friday. The plan will focus on developing new and indigenous VR technologies and fostering the [...]
SEOUL, Aug. 26 (Korea Bizwire) – The cultural academy of the Korea Creative Content Agency (KOCCA) on Friday opened a conference to provide insight into global trends and the future of virtual reality (VR) and augmented reality (AR). The one-day conference in Seoul titled “The VR, AR Insight” brought together local and international experts on [...]
SEOUL, Aug. 17 (Korea Bizwire) – The final stages of the 2016 K-Startup Grand Challenge took place Wednesday at the Pangyo Startup Campus in Seongnam, with international experts and businessmen and women from various fields ranging from artificial intelligence and virtual reality technology to UAVs and videogames in attendance. A total of 2,439 teams from [...]
SEOUL, July 28 (Korea Bizwire) – Hyundai Department Store, one of the major department stores in South Korea, announced on July 28 that it will launch a virtual reality (VR) online store on its upscale online shopping mall – the Hyundai.com (www.thehyundai.com). The Hyundai’s new online VR store provides customers with the feeling of physically being [...]
SEOUL, July 22 (Korea Bizwire) – The Korea Virtual Reality (VR) Industry Association announced on July 21 that a new virtual reality café named ‘VR Plus Show Room’ will open on July 22 in Seoul’s most urbane business and shopping district – Gangnam. In order to promote the VR industry, ‘VR Plus Show Room’ will offer [...]
SEOUL, July 7 (Korea Bizwire) – South Korea announced a package of measures Thursday to foster its virtual reality (VR) industry, which includes direct financial support and tax incentives. The government will create 40 billion won (US$34.5 million) of special funds, 20 billion won this year and the rest in 2017, for small and medium-sized [...]
SEOUL, June 10 (Korea Bizwire) – South Korean online music content provider KT Music unveiled the country’s first virtual reality-backed music service on Thursday. “Genie VR,” a computer-generated multimedia service that plays the visuals alongside music content, will be provided on a separate section of Genie’s mobile app, the music service maker and distributor said [...]
SEOUL, June 8 (Korea Bizwire) – With the soaring popularity of 360-degree cameras, there have been a surging number of patent applications for new devices, systems, and application technology related to omnidirectional cameras. According to the Korean Intellectual Property Office (KIPO), the average annual number of patent applications related to omnidirectional cameras was 65 from 2011 [...]
SEOUL, June 3 (Korea Bizwire) – The South Korean government said Thursday it will open a virtual reality (VR) experience center this week in Pangyo, the nation’s mecca for the high-tech industry. The move is part of efforts to create a boom for indoor digital theme parks, according to the Ministry of Science, ICT and Future [...]
GOYANG, May 20 (Korea Bizwire) – A next generation video games exhibition titled PlayX4 is taking place at Kintex in Ilsan from May 19 to May 22. The exhibition is hosting a variety of next generation VR (virtual reality) and AR (augmented reality) games, which visitors can experience. “The gaming industry is one of the [...]