The Seoul Metropolitan Government on Wednesday unveiled a 1.67 trillion-won ($1.29 billion) spending package to grow South Korean startups and nurture futuristic technology over the next eight years. Through the spending package, Seoul aims to foster at least 50 unicorns privately owned companies valued at over $1 billion with its focus on robots, financial technology, biotechnology and artificial intelligence..
The Seoul city government officially opened the doors Monday to its own metaverse platform, a virtual world where users will be able to play games, chat, file official forms, get help with taxes and more.
On October 1st, 2022 the popular Seoul Africa Festival was held in South Korea with thousands of visitors showing up in a celebratory mood to experience