South Korea’s Science Ministry Opens New Complex to Support AR & VR Industries

Published by , February 12, 2017 11:03 pm

(TeleComPaper)  South Korea’s science ministry has opened a new complex in western Seoul to support the virtual reality (VR) and augmented reality (AR) industry. Dubbed ‘KoVAC’, the facility is located at Digital Media City (DMC), a high-tech complex in western Seoul. The center will accommodate various VR and AR companies, said the Korean Ministry of Science, ICT and Future Planning. The complex is part of the government’s plan to invest more than KRW 400 billion (approximately USD 358 million) over the next four years in the development of new and indigenous VR and AR technologies.
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