South Korea’s three major mobile carriers are expected to continue to focus on metaverse content business next year despite sluggish sales of extended reality (XR) devices this year as anticipation grows over industry recovery.
According to industry sources on Tuesday, SK telecom Co., KT Corp., and LG Uplus Corp. are upping investments in metaverse-related technologies and platforms with an aim to expand global presence amid enhanced competition in the XR device market next year.
XR encompasses immersive technologies such as virtual reality (VR), augmented reality (AR), and mixed reality (MR).
SK telecom, the exclusive distributor of Meta Quest 3 in Korea, is enhancing collaboration, including joint development to enable its own metaverse platform Ifland to be used on Quest 3.
KT plans to focus on new businesses such as artificial intelligence (AI) and the metaverse by establishing a technology innovation division that integrates the information technology and research and development units.
LG Uplus aims to compete with KidsTopia, a metaverse platform tailored for elementary school children, which was launched in May 2023.
Source: Pulse News