LGU+ Partners with Chungnam Information & Culture Industry Promotion Agency to Boost Immersive Content Development

Maeng Chang-ho, Director of Chungnam Information & Culture Industry Promotion Agency (left), and Choi Yoon-ho, Executive Director of AR/VR Service at LG Uplus, are taking a commemorative photo after signing a business agreement.
[Photo by LG Uplus]

[Asia Economy Reporter Kim Heung-soon] LG Uplus and the Chungnam Information & Culture Industry Promotion Agency announced on the 24th that they signed a business agreement at the LG Uplus Magok Building in Gangseo-gu, Seoul, to revitalize the Chungnam Immersive Content R&BD Cluster.

The Chungnam Immersive Content R&BD Cluster is a project to establish a cluster by 2024 over an area of 200,000m² around KTX Cheonan-Asan Station, investing a total of 55.6 billion KRW, including 21.6 billion KRW in national funds, 16.5 billion KRW in provincial funds, and 17.5 billion KRW in city and county funds, to foster new industries based on 5G and create convergence services combining local manufacturing and virtual (VR) and augmented reality (AR) technologies.

This cluster will establish key facilities in the content field such as a Content Company Incubation Center, Global Game Center, VR·AR Production Center, and Big Data Center, and will also operate support programs for immersive content startups and all stages (creation-production-distribution).

According to this agreement, the two parties will promote cooperation within the cluster in areas including ▲industry-academia-research collaboration for advancing 5G services centered on VR·AR functions ▲business cooperation to strengthen the capabilities of immersive content companies in the Chungnam region ▲technology linkage and overall technical support for immersive content advancement ▲establishment of next-generation network operation systems based on big data and artificial intelligence ▲and expanding domestic and international market opportunities for immersive content.

Choi Yoon-ho, head of AR·VR services at LG Uplus, said, "LG Uplus is focusing investments on 5G innovative content production supply and wired-wireless convergence technology development. Through this cooperation, we can take a step closer to creating an immersive content ecosystem by generating synergy with the Chungnam Information & Culture Industry Promotion Agency."

Maeng Chang-ho, president of the Chungnam Information & Culture Industry Promotion Agency, emphasized, "We will produce high-quality immersive content centered on VR·AR in the province, create opportunities for LG Uplus's differentiated 5G services and global expansion, and jointly lead the 5G market for the activation and development of the Chungnam Immersive Content R&BD Cluster."

This content was produced with the assistance of AI translation services.