Korea Metaverse Festival 2023 Concludes Successfully with Over 18,000 Attendees

The 8th Korea Metaverse Festival 2023 (KMF 2023), held under the theme “Again Metaverse, Partnering with A.I.,” officially concluded on October 18th at COEX. The exhibition, which attracted over 18,200 attendees, featured a record participation of 191 companies and 330 booths. At the opening ceremony on October 16th, Minister Lee Jong-ho of the Ministry of Science and ICT delivered digital rights and metaverse ethics policy messages in a virtual space created using metaverse technology. The global conference, “The MEANS,” featured policy announcements on metaverse by the Ministry of Science and ICT, as well as keynote speeches by experts from leading metaverse companies such as META, HTC, and NAVER Z. The conference explored the development of the metaverse industry, integrating A.I. and various sectors, presenting business strategies for Metaverse of Things (MoT) and Metaverse as a Service (MaaS). MoT (Metaverse of Things) signifies the metaverse version of the Internet of Things (IoT), connecting everything to the metaverse. MaaS (Metaverse as a Service) is the metaverse version of Software as a Service (SaaS), representing a subscription-based model for using metaverse platforms.