The 'Metaverse Scale-Up Fund,' which Daesung claims is Korea's biggest private fund in the sector, will have the participation of the Korean state.
. The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to put investments into virtual reality and digital twins-related businesses.Korean venture capital firm Daesung Private Equity has decided to get into the metaverse investment field. The company announced on Nov. 30 the launch of a metaverse-focused fund, that would have 110 billion won to invest.
60 billion won was also injected by different companies of the Daesung consortium, including Daesung Holdings, Daesung Energy, and Daesung Clean Energy. Other institutions participating in the fund are the Industrial Bank of Korea and Shinhan Capital.
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