Gwangjin-gu - Konkuk University - KT Collaboration for Developing Konkuk University Campus Town

Gwangjin-gu, Konkuk University, and KT Sign Business Agreement on the 29th for Successful Campus Town Project... Joint Research on Fostering Immersive Media and Metaverse Startups and Regional Coexistence Plans... Linked to Urban Regeneration Project around Guui Station, Expected to Revitalize Immersive Media Startups between Guui and Konkuk Univ. Stations

[Asia Economy Reporter Jongil Park] Gwangjin-gu (Mayor Kim Seon-gap) signed a business agreement with Konkuk University and KT on the 29th at the Konkuk University Administration Building to successfully promote the Konkuk University Campus Town Development Project (Comprehensive Type).

The Campus Town Development Project is a program that induces youth job creation and regional coexistence through university resources, public support, and cooperation with the local community.

Konkuk University Campus Town was finally selected in August for the ‘2022 Seoul City Campus Town Comprehensive New Project Competition’ and will receive up to 8 billion KRW in support over four years starting in 2022.

Gwangjin-gu, Konkuk University, and KT held four rounds of consultations and a signing ceremony to discuss the support direction for the Konkuk University Campus Town Development Project and established a government-academia-industry cooperation system.

Through this agreement, the three organizations promised to jointly cooperate on ▲ overall policy research for fostering startups in immersive media and the metaverse ▲ coexistence plans between immersive media and metaverse startups and the local community ▲ providing youth job and entrepreneurship opportunities in Gwangjin-gu and revitalizing youth culture.

In particular, they plan to conduct joint research by February next year on the ‘Immersive Media and Metaverse Startup Fostering and Regional Coexistence Plan,’ linking the urban regeneration revitalization project around Guui Station promoted by Seoul City and Konkuk University’s Innovation Shared University Project.

The urban regeneration revitalization project around Guui Station aims to induce economic revitalization by utilizing local resources, with a major goal of establishing a 5G-based testbed including the creation of a hyper-realistic production platform in the Guui Station area.

Konkuk University’s Innovation Shared University Project is part of the Ministry of Education’s ‘Digital Innovation Shared University Competition Project’ and aims to build and operate an immersive media creative convergence shared university.

Kim Seon-gap, Mayor of Gwangjin-gu, said, “Through this agreement, we expect to lead the development of startups related to immersive media and the metaverse and create jobs. We hope this will revitalize the local economy and transform Gwangjin-gu into a young district favorable for startups by attracting younger generations.”

He added, “Based on comprehensive public support, university resources, KT’s expertise, and ICT technology experience, we will ensure smooth joint research.”

Jeon Young-jae, President of Konkuk University, stated, “In the field of immersive media and the metaverse, which is a university strength, we plan to jointly cooperate in startup and education support with the Immersive Media Innovation Shared University Project Group and combine KT’s expertise to establish a public-private-academia-industry cooperation cluster linked with new technology companies.”

Yu Chang-gyu, Head of KT Gangbuk and Gangwon Corporate Customer Headquarters, said, “KT is currently promoting various immersive media and content businesses through its B2B Digico business strategy, and we expect that this business experience and capability will contribute to fostering and revitalizing startups in Gwangjin-gu through the Campus Town Project.”

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