According to a survey, only 4% of South Koreans use metaverse

Published by Amirshop on May 25, 2023

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The research that questioned 9,941 people last year and was released in April, revealing that children under the age of 20 accounted for 39.2% of South Korea’s Metaverse users.
Approximately 70% of people surveyed said they use the Metaverse for entertainment, particularly gaming. A smaller proportion, around 8.5%, indicated that they use the metaverse for social interactions.
The scope of the survey’s Metaverse platforms included video games such as Animal Crossing, Minecraft or Roblox by Nintendo Co.
Although the “Metaverse” currently has no official descriptor, South Korea Are defined It is a convergence of virtual and physical reality where people can interact and create economic, social and cultural value.
The survey results show that the South Korean government’s official investment in the metaverse industry as a core growth sector has not accelerated local metaverse adoption.
In February 2022, the country’s Ministry of Science announced its investment plan 223.7 billion Korean won ($169.7 million) in the local Metaverse sector, followed by major South Korean companies such as Samsung Electronics Co., SK Telecom Co. and Shinhan Financial Group Co., which expanded their Metaverse businesses.
Subsequently, South Korean President Yoon Suk-yeol identified the further development of the domestic metaverse industry and the creation of digital economies within these virtual platforms as important national goals. He intends to achieve these goals during his five-year term of office, which began in May 2022.
The South Korean capital also launched its digital replica. “Metaverse Seoul” in January to provide citizens with virtual channels of public services. However, the Metaverse’s mobile application recorded fewer than 10,000 mobile downloads in the first month after its release, according to local news outlet the Korea Herald. Seoul has over 9.4 million inhabitants.
Google trending Data shows a gradual decline in interest in the search term “metaverse” over the past year. Its popularity has dropped by 75% since its peak in October 2022.
Meta Platforms Inc., the operator of the social media networks Facebook and Instagram, posted sales of 13 billion US dollars Loss in its Metaverse division last year as its virtual platform horizon worlds failed to attract a significant number of returning users. The company changed its corporate name from Facebook to Meta in 2021 to signal its belief in the metaverse.