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General

Korea govt creates KRW 40 bln fund for VR, AR sector

Wednesday 7 September 2016 | 07:10 CET | News
The South Korean government will create a special fund of KRW 40 billion (approximately USD 34.5 million) to boost the virtual reality (VR) and augmented reality (AR) industries, Yonhap news agency reports, citing a statement from the country's Ministry of Science, ICT, and Future Planning. The Ministry also said it will add KRW 12 billion annually to this special VR and AR fund for the next two years, while the remaining KRW 20 billion will be supplemented from private funds.

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Categories: General
Countries: Korea, Republic of
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