Daegu City, Gyeongbuk Province, and Gumi City Hold 'Collaboration Ceremony' to Secure Competitiveness in the VR·AR Industry

On the 18th at 3 PM at Gumi Convention Center (Gumiko)

Minister Choi Ki-young of the Ministry of Science and ICT is touring the studio at the opening ceremony of the K-Silgam Studio held on the afternoon of May 13 at the Korea VR·AR Complex in Sangam-dong, Mapo-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Daegu City, in collaboration with Gyeongsangbuk-do and Gumi City, will hold the 'VR·AR Device Industry Convergence Alliance Collaboration Proclamation Ceremony' on the 18th at 3 PM at the Gumi Convention Center (GumiCo) to promote the creation of a 5G-based VR (Virtual Reality)·AR (Augmented Reality) industry ecosystem.

This collaboration proclamation ceremony is an event jointly promoted by central government ministries (Ministry of Science and ICT, National IT Industry Promotion Agency), local governments (Daegu, Gyeongbuk Province, Gumi City), participating institutions (Gumi Electronics and Information Technology Institute, Korea Optical Industry Promotion Agency), and participating companies (57 companies).

Daegu City expects this to be the starting point for fostering the VR·AR device industry in line with the global trend of explosive growth in VR·AR industry and technology demand, and the recently announced Korean New Deal policy’s digital new deal (5G convergence expansion) new industry development direction.

VR·AR devices are essential equipment that directly deliver immersive content to users. Core components such as displays, optical modules, batteries, and driving boards are similar to those of smartphones. As South Korea is a manufacturing powerhouse for smartphones, it is strategically advantageous to lead and foster the global industry, and it is expected to secure domestic technological capabilities through support for the development of core component technologies for 5G-based VR·AR devices and create various job opportunities.

Daegu City, which has established the largest optical industry cluster in Korea, Gyeongsangbuk-do with its ICT communication and display manufacturing base, and Gumi City aim to become a core hub for fostering the advanced VR·AR device industry through this collaboration proclamation.

The collaboration ceremony will be divided into two parts: Part 1 includes a report on the alliance promotion status and signing of agreements, and Part 2 will be a roundtable discussion to activate industrial exchange. During the roundtable, ideas from local governments, participating institutions, and companies will be collected, and there will be a Q&A session on the future and promotion direction of the VR·AR device industry.

Starting with this collaboration proclamation ceremony, through technical linkage with VR·AR testbeds in the Seoul and Gyeonggi regions (Sangam KoVAC, Pangyo ICT-Culture Convergence Center) and VR·AR content production hub centers distributed across 10 regions, efforts will be made to build and activate an integrated VR·AR industry ecosystem where content and devices can grow together.

Hong Eui-rak, Deputy Mayor for Economic Affairs of Daegu City, stated, "We will establish a comprehensive support system that discovers, supports, distributes, and expands VR·AR device R&D projects and nurture the related industrial ecosystem," adding, "We hope South Korea will lead the trends in the VR·AR device industry and become a global market leader."

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