IDEAS home Printed from https://ideas.repec.org/p/ris/kieter/2024_009.html
   My bibliography  Save this paper

Korea's Strategy for the Booming XR Industry: Opportunities and Challenges

Author

Listed:
  • Kim, Sungjin

    (Korea Institute for Industrial Economics and Trade)

Abstract

The concept of the virtuality continuum describes the full spectrum of experiences between purely physical environments and immersive digital worlds, or virtual environments. Within this continuum lie various technologies used to manipulate our perception of reality. These technologies include virtual reality (VR), augmented reality (AR), and mixed reality (MR), and are collectively referred to as extended reality (XR) technologies. VR refers to fully simulated environments that replace the user’s perception of actual surroundings. AR stands for augmented reality, and refers to a technology that overlays digital onto the real world. One common type of AR technology are heads-up displays (HUD) installed in modern vehicles. MR combines the advantages of VR and AR, allowing users to see and interact with virtual elements layered on top of reality. Finally, XR serves as an umbrella term encompassing the three aforementioned technologies. In this article, I explore major trends, players, technologies, and policies in the XR industry, and describe the implications these trends carry for policy in South Korea.

Suggested Citation

  • Kim, Sungjin, 2024. "Korea's Strategy for the Booming XR Industry: Opportunities and Challenges," Industrial Economic Review 24-9, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2024_009
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4868561
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    virtual reality; augmented reality; extended reality; VR; AR; ER; mixed reality; XR; Meta; Apple; Sony; ByteDance; Sony; Microsoft; game industry; industrial XR; XR services; Korea; KIET;
    All these keywords.

    JEL classification:

    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kieter:2024_009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aaron Crossen (email available below). General contact details of provider: https://edirc.repec.org/data/kiettkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.