The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

South Korea accepts the proto-Metaverse

3 min reading

South Koreans will be engrossed in the Metaverse earlier than later, as businesses and public services roll out digital avatars and applications all across the country.

The citizens of South Korea, and also an increasing number of significant firms in the country, have started to endorse and incorporate the Metaverse into their daily lives in new and unforeseen ways.

Two of the country's largest retailers have recently created Metaverse and AI elements for consumers to optimise their shopping experience.

On November 16, GS Shop initiated home shopping via the Metaverse by demonstrating the inner workings of a food production facility. It is intended to ensure customers about the quality of the facility and the food available for purchase.

GS Shop transformed scans of the physical facility into 3D representations. Customers with augmented reality (AR) devices, such as the haptic gloves Meta showcased this week, could tour the facility in the digital world to see the circumstances under which their food was produced.

Jason Ye, the co-founder of DeSpread, a multi-chain ecosystem accelerator, has observed a surge in Korean companies joining the Metaverse. "It seems like every company is diving into the Metaverse and Play to Earn these days," he said.

Avatars from the Metaverse and AI (artificial intelligence) are showing up in a variety of industries, including retail, finance, and even public services.

Lucy, a virtual model, was introduced by Lotte Home Shopping, which expects to reach $14 billion in sales by 2020. Lucy, who has its own Instagram account, will be used in future video content and social media by Lotte. Lucy will certainly be incorporated into Lotte's Metaverse-based virtual store.

The formation of virtual reality has also expanded to the public sector. The Seoul City government declared on November 6 that it intended to build its Metaverse platform, where residents can file civil petitions, by 2023.

The 'Metaverse 120 Center,' as it is provisionally named, will manage virtual visits that do not need the visitor's physical existence.

The Korean military officially confirmed on November 10 that it would incorporate Metaverse applications into soldier training plans by the 2030s.



Currency Exchange rate Buy cryptocurrency

The new DEFI platform enters the market! Earn passively - token sale 0.25 $

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.