KOCCA Sponsors K-Arts for Metaverse Content Development as a Part of Business in Fostering R&D Experts in Cultural Contents

The K-Arts won a sponsorship from the Korea Creative Content Agency (KOCCA) for the project of “fostering R&D expert in building metaverse based on artificial intelligence and expanded virtual reality contents.” The sponsorship is a part of KOCCA’s business in cultivating R&D specialists in cultural content. The Art & Technology Lab (AT Lab) under Art Collider in K-Arts leads the project, and along with K-Arts and POSTECH, corporations like LG U Plus, Jiffycrew, and Birdhand also engage in it. The investment of 2.9 billion 7,625 ten thousand KRW will go into this project from June 2021 to December 2023. Accordingly, the K-Arts will establish a metaverse that enables the production and distribution of art contents in a virtual space and also develop core technology and foster experts related to the project.

Director Cho Chung-yean of K-Arts Art Collider anticipated, “Through this project, K-Arts will foster R&D experts who have sound knowledge in both art and technology. I expect we will eventually lead the development of cutting-edge technology and content creation related to the metaverse industry.” He added, “First dibbing on building metaverse content and learning-related skills, we will try to lead the fourth industrial revolution by developing, transferring, and advertising Korean contents, culture, and technology on a global scale.”