The Ministry of Science and ICT (MSIT) of South Korea stated the first version of the essential ethical principles for metaverse important for enhancing and taking part in the metaverse. There were about three main values: “self-identity preservation, secure enjoyment, sustained prosperity.
MSIT Suggests 8 Ethical Principles
The Ministry of Defense proposes eight principles to follow when participating in the Metaverse ecosystem to practice the three values of authenticity, autonomy, reciprocity, respect for privacy, fairness, data protection, inclusion, and accountability. To ensure the practical application of these transferable ethical principles, the Ministry of Science and ICT intends to consolidate the views of relevant departments, experts, enterprises, and civil society groups before finalizing the document by the end of this year. In a press release, the Ministry of Education said there are growing concerns about people’s online communication about copyright, youth protection and privacy. Recently, there have been many cases of minors being sexually harassed or harassed in the Metaverse.
$185 Million: South Korea’s Investment on Metaverse
According to a February announcement by Korea’s Ministry of Science, ICT and Future Planning, 223.7 billion kroner ($185 million) will be needed to develop the country’s metaverse ecosystem. The Department of Defense will use the war funds to promote companies that make VR/AR devices, cultivate talent, and develop a decentralized maker economy. A government council has been formed to address issues such as protecting privacy and intellectual property and monitoring criminal activity in the virtual world. In January, the Ministry of Science and ICT announced a five-year plan amid continued investment from domestic companies, entertainers, and industry.