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South Korean Government Invests in Yuán Universe Industry

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On February 16, the Ministry of Science, Technology, Information and Communication of the Republic of Korea said on the 16th that the government will invest 22…

South Korean Government Invests in Yuán Universe Industry

On February 16, the Ministry of Science, Technology, Information and Communication of the Republic of Korea said on the 16th that the government will invest 223.3 billion won (about 174 million US dollars) to support the yuan universe industry this year. The government will invest 61.5 billion won in the R&D and commercialization of key technologies such as digital people, holographic images and immersive experience displays; 68 billion won will be invested in the research and development of a targeted yuan universe platform in medical, education, defense, industry, economy and other fields; 16.7 billion won was invested in talent training mechanisms such as the Yuan Universe Laboratory; Establish a Won Universe enterprise merger and acquisition fund of 40 billion won.

The Korean government plans to invest 223.3 billion won to support the yuan universe industry

Interpretation of the news:


The Ministry of Science, Technology, Information and Communication of the Republic of Korea recently announced the government’s investment plan for the Yuán Universe industry. In total, the government will invest 223.3 billion won (about 174 million US dollars) to support this industry in 2021.

The Yuán Universe refers to an industry that emphasizes the convergence of the physical and digital worlds. In other words, it is a space where virtual and augmented reality, artificial intelligence, and other technological advances meet with the real world. The Korean government’s investment plan for this industry signifies their belief in its potential and shows their commitment to developing it further.

The government has allocated 61.5 billion won for the research and development (R&D) and commercialization of key technologies such as digital people, holographic images, and immersive experience displays. These advanced technologies have numerous applications, including in the entertainment industry, education, and more. Therefore, investing in their development will lead to the creation of new and innovative products and services that can improve various aspects of people’s lives.

68 billion won has been designated for the research and development of a targeted Yuán Universe platform in fields such as medical, education, defense, industry, and economy. This will likely enable cross-sectoral collaboration, leading to the development of solutions that can solve complex problems in different fields.

The government has also allocated 16.7 billion won for the establishment of talent training mechanisms such as the Yuán Universe Laboratory. This investment will help nurture the next generation of talent that is capable of researching, developing, and commercializing the cutting-edge technologies required in the Yuán Universe industry.

Finally, the government has also established a Won Universe enterprise merger and acquisition fund of 40 billion won. This fund will likely help spur growth in the industry by facilitating the acquisition of smaller Yuán Universe companies by larger companies or by encouraging them to merge.

In conclusion, the Korean government’s investment plan for the Yuán Universe industry indicates their recognition of the industry’s potential and their commitment to investing resources in its development. This investment is likely to lead to growth and innovation in the Yuán Universe industry, benefiting various sectors of society.

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