Kakao Healthcare has been selected as the operator for the 2023 Metaverse Pioneer Project, an innovative South Korean government initiative. The project, jointly launched by the National Information and Communications Promotion Agency and the Ministry of Science and ICT, seeks to leverage the Metaverse for enhanced national healthcare delivery.
Kakao revealed on Wednesday, June 28, that its digital healthcare arm won a contract to set up the state-backed metaverse platform for healthcare. According to The Korea Economic Daily, the goal of this project is to bridge the gap and resolve the spatial and temporal limitations of virtual space and healthcare services. In addition, this joint program of South Korea’s NIPA and MSIT aims to promote national health while creating future food.
To start the project, Kakao Healthcare’s consortium is planning to put up an expandable metaverse platform. In this way, it would be easy to add different personalized health management services later on, including customized musculoskeletal and mental health management assistance.
The Metaverse is already in use in the area of healthcare, but it is currently being applied more for hospital promotions, cooperation between medical experts, and medical knowledge education. Thus, the 2023 Metaverse Pioneer Project will allow people to use the Metaverse extensively for personal health management.
As mentioned by NFTGators, the upcoming digital platform is part of the national government’s initiative to bring personal healthcare management to more people via the digital space where it could be easily reached or accessed. It was noted that this project was announced almost five months after Kakao Healthcare invested in ezCaretech to develop further its digital health management system, which will be helpful for the setting up of the Metaverse.
Meanwhile, the 2023 Metaverse Pioneer Project is one of the first metaverse programs that the Korean government is supporting. In 2022, the administration committed to providing $186.7 million to support the development of the digital world (Metaverse) in the country.
Photo by: Kakao Newsroom


Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
FxWirePro- Major Crypto levels and bias summary
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
S&P 500 Surges Ahead of Trump Inauguration as Markets Rally
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors
Bitcoin Hits $100K Milestone Amid Optimism Over Trump Policies
Ford and Geely Explore Strategic Manufacturing Partnership in Europe




