South Korea’s Ministry of Science and ICT has announced a KRW 223.7 billion (US$185 million) investment to build the nation’s Metaverse ecosystem. The ministry might use its war chest to develop the decentralized creator economy, nurture talents, and support firms developing VR/AR devices. Earlier in January, the ministry announced a five-year strategy to become a top-five global Metaverse leader, as local conglomerates, celebrities, and investments continue to flock into the sector.