According to a South Korean ministry, the Metaverse is more than a video game and requires to be governed by new regulations.
The Ministry of Science and ICT of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines for incentivizing the growth of the budding ecosystem.it made for the creation of an in-house Metaverse. Running parallel to this effort, the MSIT identified that imposing older regulations serve as a deterrent to the growth of new ecosystems.
“Establish guidelines for classification of game products and metaverses for rational and consistent regulation and support for enactment of related laws ”
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