South Korea said will spend 403 billion won in building its extended reality (XR) industry.
Out of that amount, 44.6 billion won will be allocated for integrating XR technology in key sectors, such as manufacturing, health care, construction, education, retail, and defense.
XR includes augmented reality (AR) glasses and virtual reality (VR) content.
While local companies have so far focused on VR and AR content, the South Korean government hopes to develop the technology to accelerate the digital transformation of industries as part of its digital New Deal program.
The country aims to spend 58.2 trillion won in key tech industries to create some 900,000 jobs by 2025.
