KTC Participates in the Inauguration Ceremony of the "Metaverse Industry Standardization Forum"
▲ Photo of the Inauguration ceremony of the Metaverse Industry Standardization Forum
Korea Testing Certification institute (KTC) announced that it participated in the inauguration ceremony of the "Metaverse Industry Standardization Forum" held on July 13th at the Seoul Josun Palace Hotel, with the aim of establishing international standards for the metaverse industry.
The metaverse is a rapidly growing field, and the global metaverse market is projected to grow at an average annual rate of 44.5%, reaching $1.3 trillion in 2030 from $51.6 billion in 2021. The domestic metaverse market is also predicted to reach 400 trillion won in 2030, and recently, domestic companies such as LG Electronics, SK Telecom, KT, and LG Uplus have actively entered the metaverse market as a new business.
For the development of the metaverse industry, international standards for interoperability between metaverse devices and platforms that can be universally applied worldwide, as well as the performance of AR and VR devices, need to be established. As the only domestic testing and certification organization and a domestic affiliate agency of the International Electrotechnical Commission (IEC) TC100, KTC plans to participate in this forum and take the lead in promoting the metaverse international standardization roadmap and standard development. Under the forum, KTC will serve as the chairman of the policy subcommittee (Division Head Mun-hwan Han) and as a member of the standard development subcommittee (Junior Researcher Jack Kim). Through forum activities, KTC aims to provide systematic support for standard technical consulting for domestic industries and testing and certification to facilitate exports by Korean companies.
▲ Introducing the 'VR·AR Device Standardization Task Force', presented by Mun-hwan Han, Head of Product Safety Division at KTC
Smart appliances are one of KTC's strategic fields, and it possesses the highest level of testing and evaluation capabilities domestically. KTC provides testing, evaluation, and certification services for innovative electronic products such as AR and VR, as well as research and development participation, customized consulting for companies, and technical advisory services.
Sungil Ahn, President of KTC, stated, "Participation in the Metaverse Standardization Forum is part of KTC's cooperative activities to support South Korea in leading technological standards in the metaverse field and enabling our companies to take the lead in the global market. Based on our metaverse-related testing and evaluation capabilities, we will continue to strive for the enhancement of our companies' competitiveness and support for exports."
Meanwhile, the "Metaverse Industry Standardization Forum," which has over 80 experts from industry, academia, and research institutions participating, operates in policy subcommittees, device subcommittees, platform subcommittees, and standard development subcommittees. It is expected to play a significant role in the development and advancement of international standards in the metaverse field in South Korea.
