South Korea will invest 2.6 trillion won in hyperconnectivity and related technologies for newly emerging services by 2025.
The Ministry of Science and ICT identified the emerging services as metaverse, blockchain, and cloud technology.
According to Minister Lim Hye-sook, the emerging industries that promote hyperconnectivity will bridge the real and virtual worlds and expand South Korea’s economic territory.
The ministry, says Lim, will roll out policies and initiate business projects that will keep South Korea ahead in the newly emerging areas.
The business projects will increase their uses of extended reality, blockchain, and internet of things services in manufacturing, healthcare, and education.
The ministry, which is encouraging the public sector to use cloud services provided by private firms, will launch a support center to assist small and medium-sized enterprises and venture companies in developing new blockchain services and advance local testbeds for IoT technologies.
South Korea will support local companies in developing open metaverse platforms.


U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 



