Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Golden chance to liquidate babies’ gold rings?
-
3
Inflation eases in April, continues bumpy ride
-
4
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
5
Seoul to more than double military drones by 2026 to counter NK threats
-
6
Seoul alerts overseas missions to NK terror threats
-
7
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
8
Over 60% of S. Koreans support W100m childbirth incentive: survey
-
9
‘Inside Out 2’ adds four new emotions, explores teenage life
-
10
Questions raised over fair promotion of RM, NewJeans
[THE INVESTOR] A virtual reality cluster will be formed in western Seoul, and up to 30 percent of related R&D costs will be tax exempt, government plans showed on July 7.
According to the plans drawn up as part of the government’s strategy for boosting trade and investment, a VR cluster will be set up in Seoul’s Digital Media City and 60 billion won (US$ 51.8 million) will be invested in the field until the end of next year. The fund will be raised in equal parts by the government and the private sector.
According to the plans drawn up as part of the government’s strategy for boosting trade and investment, a VR cluster will be set up in Seoul’s Digital Media City and 60 billion won (US$ 51.8 million) will be invested in the field until the end of next year. The fund will be raised in equal parts by the government and the private sector.
Companies working in VR-related fields taking up residence in the cluster will be provide various incentives, and have access to VR-specific infrastructure that will be constructed.
In addition, a 20 billion won fund will be established this year to invest in companies developing VR technologies and contents. A fund of equal scale will be raised next year for similar purposes.
As part of the plans, the government will draw up guidelines for VR contents use by the end of next year.
By Choi He-suk (cheesuk@heraldcorp.com)
-
Articles by Korea Herald
