Modern Australian
Men's Weekly

.

South Korean consortiums leading the realization of industrial metaverse.

Consortium achievements illustrate the capability of industrial metaverse in 3 industry whitepapers

SEOUL, SOUTH KOREA - Media OutReach Newswire - 1 October 2024 - Technology is evolving to support modernization and enable innovation in industry.

South Korea's National IT Industry Promotion Agency (NIPA) is supporting local technology development, eventually promoting the efforts and success to an international audience.

Though often conflated with gaming and social networking, metaverse is an important tool that can improve operations and is increasingly being leveraged for industrial environments.

In 3 recently released whitepapers, NIPA and Frost & Sullivan detail the cases of successful industrial metaverse implementation in the country. By sharing these cases, NIPA is expressing the capability of domestic technology and promoting Korean expertise internationally.

Junam Lee, Director at NIPA for the Metaverse Convergence team says, "We believe that we have lots of advanced technologies to share and cooperate with nearby countries in terms of geography and culture."

Most organizations cannot easily execute industrial metaverse technology due to budget and customization requirements. These papers identify ways that this innovative technology can be implemented right now.

Supporting flexible manufacturing in the automotive industry
One of the papers published details the benefits of the industrial metaverse and how it has supported the manufacturing industry, specifically automotive. The automotive industry, which is a major part of many Asian economies, is evolving to require flexible manufacturing systems for electric and autonomous vehicles. This paper outlines the path to industrial metaverse realization that enables flexible manufacturing. The consortium led by Shutagen, a technology service company, was able to achieve business and manufacturing agility through industrial metaverse with a deployment at the Hyundai Ulsan plant.

XR devices to enable multiple use cases
Another paper looks at the use of extended reality (XR) devices and how they support the expansion of metaverse use in industry. The consortium project aimed to develop a mass-produced XR device supply chain in Korea to support use domestically and internationally. The consortium, led by P&C Solution, developed XR devices for uses like employee training, assembly line optimization, asset inspection, testing and validation, and more.

Digital twins enabling smart construction
The 3rd paper explores the construction industry and how metaverse enables digital twins of construction projects, allowing for benefits like real-time visualization, simulation, and collaboration across the entire project lifecycle. Hanmac Engineering, a construction engineering company specialized in smart construction, led the consortium to address the need for digital transformation in the construction industry.

The papers highlight the great potential benefit of implementing industrial metaverse for international companies, and illustrate how advanced South Korea companies can be great partners, regardless of budget or customization requirements. Organizations looking to modernize through new technologies must understand the current uses to leverage the potential of industrial metaverse.

Kenny Yeo, Director from Frost & Sullivan, details, "Though metaverse is still in its nascent stage, these examples have been able to leverage the technology and illustrate the practical and tangible benefits. These projects exemplify the benefits of NIPA's metaverse consortium support."

  • Safe and effective improvement in productivity is achieved through the implementation of innovative technology and metaverse.
  • Proven capability through specific and varied case studies shows flexibility and achievability for future deployments.
  • Replicable outcomes make South Korean partners attractive for international organizations looking to achieve the same results.
Lee explains, "the main benefit of these technologies is the remarkable improvement of productivity and efficiency in the field. The opportunities for application to the industry are immense, and we hope to create opportunities to collaborate with overseas companies."

With a strong belief in the advanced technologies of local companies, NIPA is sharing the capabilities and outcomes of these efforts. To learn more about these consortiums and read the case studies, visit the following links:
- Harnessing the Power of Industrial Metaverse in Modern Vehicle Manufacturing: https://www.nipa.kr/home/2-7-1-1/15650
- Reshaping South Korea XR Tech Landscapes & National Competitiveness: https://www.nipa.kr/home/2-7-1-1/15651
- Metaverse-Powered Transformation in Construction: https://www.nipa.kr/home/2-7-1-1/15652

Hashtag: #NIPA #FrostAndSullivan #Shutagen #P&CSolution #HanmacEngineering #Hyundai #Metaverse #ExtendedReality #SouthKorea


The issuer is solely responsible for the content of this announcement.

About National IT Industry Promotion Agency (NIPA)

National IT Industry Promotion Agency (NIPA) is a Korean government agency under the Ministry of Science and ICT, pioneering digital innovations in South Korea through supporting the spread of core technologies including AI, metaverse, cloud solutions and digital health. NIPA provides customized supports to fit companies' life cycles from business foundation through to global expansion.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. .

The Value of Professional Rubbish Removal Services

From everyday waste to bulky items like furniture and appliances, finding the right way to dispose of rubbish is not always straightforward. This is...

Why Ugly Websites Sometimes Outperform Beautiful Ones

In the digital age, we're constantly told that first impressions matter, and nowhere does this seem more apparent than in web design. However, a cur...

TPD Claims & Super: What Does It All Mean?

Many Australians hear the term "TPD" in relation to their superannuation and feel completely lost. If you're scratching your head, wondering what it...

What Does Breastfeeding Feel Like? A Guide for New Moms

Frequently, numerous new mothers wonder, "What does breastfeeding feel like?" The feeling is different for each individual - a few describe it as a ...

Best Nail Care Routine for Frequent Nail Polish Wearers

For many people, nail polish is more than a beauty statement – it’s part of their everyday routine. Whether you love bold colours, chic neutrals...

Reinventing Research: How E-Libraries Are Changing Education Forever

A New Chapter for Learning For centuries libraries stood as temples of knowledge filled with shelves that smelled of dust and paper. Today the same...

Psychologists Explore Gestalt Vs Schema Therapy for PTSD Treatment

Recent research has revealed that in 2022, 1 in 9 Australians experienced post-traumatic stress disorder (PTSD). For some, this can significantly im...

Beyond Sunscreen: Building a Sun-Smart Culture in Modern Australia

Australia’s sun-soaked lifestyle is a defining part of its national identity. From beaches and sports fields to weekend barbecues and bushwalks, t...

What is Power BI & Why Should Your Business Use It?

In today's data-driven world, businesses are constantly searching for ways to gain a competitive edge. One tool that has emerged as a game-changer i...

From Service to Strength: How Aussie Veterans Are Rebuilding Their Lives with Everyday Support

Life after military service can bring new challenges. From physical limitations to mental health hurdles, many Australian veterans find everyday hou...

The Best Times of Year to Buy a Caravan

If you're shopping for caravans for sale, timing matters almost as much as the layout and features you desire. The calendar shapes price, stock and ...

The Growing Demand for Smart Living Through Home Automation

Technology has reshaped how we communicate, work, and travel—but now, it’s also changing the way we live at home. The rise of home automation i...

Beyond Clicks and Likes: Why Many Small Businesses in Australia Still Aren’t Leveraging Digital Marketing in 2025

Introduction In 2025, online marketing has become the driving force behind business growth for companies of all sizes. Yet, despite its proven effect...

Lighting Shop Perth: Your Comprehensive Guide to Choosing the Right Lighting Solutions

Lighting is a fundamental element in defining the ambiance, functionality, and aesthetic appeal of any space. Whether you are renovating your home, ...

Private Booze Cruisers – The New Must-Have Toy for Cashed Up Millennials

Did you hear that your 30s are the new 20s? We’ve finally rocked up that adult money and now it’s time to play with it. I was going for a walk ...

Grinding & Jaw Soreness: Signs You Might Need Night Guards and How We Protect Enamel

Waking with a tight jaw, tender muscles, or a dull temple headache is more than a bad night’s sleep. Many Australians grind or clench their teeth ...

Circular Interior Design: Furnishing with Salvaged & Reclaimed Materials

Circular interior design is gradually making its way from niche circles into mainstream Australian homes. At its core, this approach revolves around...

Invisible Braces vs Traditional Braces: Which Is Best for Adults?

Straightening teeth as an adult is common in Australia, and the options are better than ever. The two main choices are clear aligners, also called i...