MCST budets for Virtual World until 2012

MCST ( Ministry of Culture, Sprots and Tourism Republic of Korea) announced that they are going to foster Virtual World Platforms and Contents as strategic industries on 8th Oct.

well it's just hard to wrap up the whole range of their announcements. however, i will try.

There are 5 field specified for this issue.
CG (Computer Graphic) industry, Digital Virtual World, Convergenced contents of Broadcasts and networks, ubiquitous education contents and Virtual Contents will be fostered until 2012 with investing 650 billion won ( about 500 million dollars in us$).

Because they expect that the market with those industries aggregate US$ 5 billion in 2012. At the same time, much of the money is being spent on education, tourism, traing and new economic sectors meant to enhance international competitiveness and create new 130k jobs in Korea.

Moreover if i focus on part of the Virtual world plan, they have couple of plan developing 4 more gates including Sungnyemun(" Gate of Exalted Ceremonies" ), Virtual Tour contents and Virtual Government service etc.
Even a private organization will be included for create new virtual service sector.
An estimated cost will be 30 billion won ( us$ 22 millions ) .

You can read and download the article in here