Issue Focus

The Global XR and Metaverse Policy Forum took place in Busan, laying the groundwork for the formation of the Global Metaverse Alliance. Hosted by the Busan IT Industry Promotion Agency, the event was held on October 22 at the Westin Chosun Busan Grand Ballroom and served as the culmination of the '2024 Korea-ASEAN ICT Convergence Forum.' This forum is a component of the 'Korea-ASEAN ICT Convergence Village Development and Operation' initiative, backed by the Ministry of Science and ICT, Busan Metropolitan City, and the Information and Communication Industry Promotion Agency.
Since its inception in 2020, the project has focused on expanding ICT exchange and fostering mutual advancements between Korea and ASEAN nations through virtual convergence technologies. It advances the development of metaverse content aimed at the ASEAN market by leveraging domestic ICT convergence innovations. Keynotes and themed presentations covered the critical role of Korea-ASEAN ICT partnership, organized into sessions like 'Global XR and Metaverse Policy,' 'Global XR and Metaverse Promotion,' and 'Global XR and Metaverse Market.'
Business networking events were designed to form collaborations between ASEAN organizations and local XR and metaverse companies, facilitating their entry into the ASEAN market. Tae-Yeol Kim, Director of the Busan IT Industry Promotion Agency, affirmed the agency's dedication to enhancing Busan's global reputation as a leading digital city and pledged to integrate the forum's policy insights into efforts to globalize the industry.