The Ministry of Science and ICT (MSIT; Minister Lim Hyesook) announced that MSIT concluded the Memorandum of Understanding (MoU) on metaverse cooperation with Global System for Mobile Communications Association (GSMA) on March 2 at Mobile World Congress(MWC) 2022 held in Barcelona, Spain. The GSMA with more than 750 mobile carrier members from 220 nations is responsible for presenting the future strategy as well as leading key trends in the world communications industry.
Under the MoU on metaverse cooperation, Korea will share information related to Korea’s metaverse ecosystem development while the GSMA will spread Korea’s practices to the global mobile carriers and developers to seek business collaboration opportunities.
Minister Lim Hyesook of Science and ICT said that “if Korea’s metaverse initiatives, including the pan-governmental strategy on metaverse released last January, and innovative business practices from the private sector can be shared with the world, this will hold significance because Korea may lead the metaverse industry, which is still in its infancy.” She added that “I expect that this MoU provides an opportunity for the two parties to participate as a keynote speaker at each other’s hosting conferences, and helps vitalize the global cooperation network to create new business opportunities.”
Director-General Mats Granryd of the GSMA said that “Metaverse that connects the physical and virtual world is well aligned with the theme “Connectivity Unleashed” of MWC 2022. I hope that we can share concrete ideas on the cooperation with Korea at GSMA Mobile 360, scheduled to be held this August in Singapore.”
MSIT and GSMA also have been working closely together by sharing Korea’s leading practices from the public and private sectors after they signed the MoU on 5G cooperation at the MWC 2019.
For further information, please contact Spokesperson for foreign media Kim Heehyun (E-mail: coro0131@korea.kr, 82-44-202-4027) of the Ministry of Science and ICT.
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