The Ministry of Science and ICT announced on the 30th that it will support the participation of domestic metaverse and XR companies by setting up a joint…
The Ministry of Science and ICT announced on the 30th that it will support the participation of domestic metaverse and XR companies by setting up a joint pavilion at 'AWE Asia 2023,' which will be held in Singapore on August 30th and 31st.
This project is conducted as part of the '2023 Metaverse Global Market Participation Support Project' to create tangible global achievements for domestic companies through overseas exports, expanding sales channels, and participating in major markets for promising small and medium-sized metaverse and XR enterprises in Korea.
![[IT Chosun] Ministry of Science and ICT to Support Participation in 'AWE Asia', a Specialized Exhibition for Metaverse and XR — image 1](https://emotionwave.com/wp-content/uploads/sites/4/kboard_attached/2/202308/64eff2c97f4037387772.png)
AWE Asia is the Asian regional event of AWE, an XR exhibition, targeting companies promoting exports to the Greater China and ASEAN markets. Participating companies are planned to receive various support programs, including pre-consulting for successful market entry, joint pavilion exhibition booth support, pre and post matching support with investors and buyers, and promotional activities using local media.
Companies participating in the AWE Asia 2023 Korea Joint Pavilion plan to showcase metaverse and XR products converged with various technologies such as artificial intelligence.
Six companies are participating: P&C Solution, an AR/XR specialized company that develops AR glasses and all-in-one service XR solutions applying AI-based vision recognition and motion sensor technology; DataKing, a Web 3.0 metaverse solution provider focused on creators; Rita, a new media content production company utilizing the latest technologies for XR, animation, and media art; Duribun, which provides virtual creator development and iTuber software; Sallin, an expert in customized metaverse platforms and online event creation services; and Emotionwave, an expert in AI LLM-based music and E-Sports metaverse platform services.
The Ministry of Science and ICT plans to support 40 metaverse and XR companies this year with participation in overseas exhibitions and overseas exports. The target includes five regional exhibitions, starting with AWE Asia 2023 (Singapore) for the Greater China and ASEAN regions, followed by MWC Las Vegas 2023 (North America), GITEX-Expand North Star (Middle East), XR Fair Tokyo (Japan), and CES 2024 (North America).
Lee Byung-jin, Director of the Digital Contents Division at the Ministry of Science and ICT, said, "The metaverse industry, which is attempting convergence in recent industries, work environments, and daily life, is reappearing as a land of new opportunities." He added, "We plan to utilize all our capabilities to support domestic metaverse companies, equipped with various ideas, in actively targeting overseas markets."
Source: IT Chosun Reporter Kim Dong-myungsimalo@chosunbiz.com
This project is conducted as part of the '2023 Metaverse Global Market Participation Support Project' to create tangible global achievements for domestic companies through overseas exports, expanding sales channels, and participating in major markets for promising small and medium-sized metaverse and XR enterprises in Korea.
The Ministry of Science and ICT set up a joint pavilion for the 'AWE Asia 2023' event in Singapore on August 30th and 31st. / MSIT
AWE Asia is the Asian regional event of AWE, an XR exhibition, targeting companies promoting exports to the Greater China and ASEAN markets. Participating companies are planned to receive various support programs, including pre-consulting for successful market entry, joint pavilion exhibition booth support, pre and post matching support with investors and buyers, and promotional activities using local media.
Companies participating in the AWE Asia 2023 Korea Joint Pavilion plan to showcase metaverse and XR products converged with various technologies such as artificial intelligence.
Six companies are participating: P&C Solution, an AR/XR specialized company that develops AR glasses and all-in-one service XR solutions applying AI-based vision recognition and motion sensor technology; DataKing, a Web 3.0 metaverse solution provider focused on creators; Rita, a new media content production company utilizing the latest technologies for XR, animation, and media art; Duribun, which provides virtual creator development and iTuber software; Sallin, an expert in customized metaverse platforms and online event creation services; and Emotionwave, an expert in AI LLM-based music and E-Sports metaverse platform services.
The Ministry of Science and ICT plans to support 40 metaverse and XR companies this year with participation in overseas exhibitions and overseas exports. The target includes five regional exhibitions, starting with AWE Asia 2023 (Singapore) for the Greater China and ASEAN regions, followed by MWC Las Vegas 2023 (North America), GITEX-Expand North Star (Middle East), XR Fair Tokyo (Japan), and CES 2024 (North America).
Lee Byung-jin, Director of the Digital Contents Division at the Ministry of Science and ICT, said, "The metaverse industry, which is attempting convergence in recent industries, work environments, and daily life, is reappearing as a land of new opportunities." He added, "We plan to utilize all our capabilities to support domestic metaverse companies, equipped with various ideas, in actively targeting overseas markets."
Source: IT Chosun Reporter Kim Dong-myungsimalo@chosunbiz.com