The Ministry of Science and ICT (Minister Lee Jong-ho) will operate a K-Metaverse joint pavilion for 4 days from the tenth to the thirteenth at SXSW 2024 (South by Southwest 2024) held in Austin, Texas, USA, and domestic Metaverse and XR corporations will participate. announced that it might support .
SXSW 2024 has been held since 1987 as an ICT convergence content fair including IT technology, interactive, music, and film. This yr, 220,000 people from 103 countries will participate and 1,484 conferences and sessions shall be held.
It is a project that supports participation in major global markets to expand overseas exports and sales channels for promising domestic Metaverse/XR small and medium-sized businesses, especially considering that SXSW is a representative event that showcases convergence content in various fields corresponding to film, music, culture, and technology. Participating corporations were chosen specializing in convergence metaverse/XR product/service corporations. Participating corporations shall be supplied with individual booths within the K-Metabus common hall and supported with programs corresponding to IR pitching, buyer matching, and promotional activities using local media.
A complete of 10 corporations participating within the SXSW 2024 joint pavilion plan to showcase Metaverse and XR services and products combined with various technologies corresponding to artificial intelligence (AI).
These include ▲Seven Point One (development of a VR-based cognitive and depression improvement solution) ▲AI Park (development of a multilingual digital human image creation platform using AI-based voice and image generation technology) ▲Dev's United Games (development of a hyper-realistic background-based ▲JL Standard (Development of a messenger app that enables AI character creation, AI chat, voice calls, video calls, etc.) ▲Inventis (Development of a 3D AR/VR automobile virtual exhibition platform) ▲JL Standard (Development of a messenger app that enables for immersive fishing experiences) ▲ DIOB Studio (virtual human development using AI deep learning technology) ▲Wide Brain (development of reward-based game and chatbot AI platform to enhance UX) ▲SoulX (development of XR production tools using AI for metaverse creators) ▲Crispy These include (development of a service that gives XR experiences in a polyhedral three-dimensional space with out a VR device) ▲Tripbitoz (development of a T2E service that enables users to share travel experiences and receive financial compensation), etc.
Starting with this yr's SXSW 2024 (North America), the Ministry of Science and ICT is targeting a complete of about 30 metaverse exhibitions for exhibitions by region (North America, Middle East, Europe, etc.) in about 4 regions, including AWE USA 2024 (North America) and GITEX 2024 (Middle East). We plan to support the participation of promising corporations within the XR field, and can cover the whole process from pre-capacity strengthening corresponding to customized preliminary consulting and IR training, local business support corresponding to investment attraction and buyer matching, and post-management corresponding to MOU and export contracts to create practical results. We plan to offer systematic support throughout.
Hwang Gyu-cheol, Software Policy Director on the Ministry of Science and ICT, said, “Recently, the Metaverse industry is creating latest avenues through convergence with various fields corresponding to medicine, media, and education.” He added, “Participation in South by Southwest (SXSW 2024) is a chance for domestic Metaverse corporations to participate.” “We hope that it will function a stepping stone for creating latest business opportunities, and we are going to spare no effort in providing all of our support in order that promising domestic corporations can actively collaborate with global corporations and successfully enter overseas markets.”
Reporter Park Soo-bin sbin08@aitimes.com