|10 February 2017|

South Korea

A newly opened hub in Seoul signals South Korea’s intent to become a world leader in virtual and augmented reality (VR/AR).

Based at Seoul’s Sangam Digital Media City, the Korea Virtual Reality – Augmented Reality Complex (KoVAC) is a collaboration space where stakeholders can work together to develop breakthrough technologies.

Startups and established companies will partner to produce content for the latest VR/AR platforms.

“The government will make utmost efforts in supporting our developers and companies so that they can advance to the global market,” Yonhap News reported Choi Jae-you, vice minister of science, ICT and future planning, saying at its opening ceremony.

Comprising the VR support center and the Digital Pavilion, KoVAC’s output will include VR shows – broadcast from the complex – and projects developed within its onsite lab.

The South Korean government wants to attract more than 2000 youngsters to the industry by the end of the decade.