Samsung Electronics is building its own metaverse, and this was revealed late last week by the company’s own vice chairman and device experience division head, Han Jong Hee. He shared the plan during a workgroup meeting.
As per Pulse News, Han also said in March during a shareholders meeting that robotics and the metaverse are Samsung Electronics’ new growth drivers. The company has already dropped hints about its venture into the virtual world at the 2022 Mobile World Congress that took place in February.
At this point, Samsung Electronics is stepping up its research and development of its technologies related to the metaverse that it is forming. The company is creating this in a bid to cultivate its newest growth engines and to join the growing list of tech firms around the world that are diving into this new business field of the virtual space.
The Korean electronics company’s vice chairman re-affirmed Samsung’s plans to roll out its own metaverse by talking about it with its employees. He told them that they will have their own version of the metaverse soon.
"We will create Samsung's version of the metaverse,” Yonhap news agency quoted Han as saying during his discussion with staff. “Please come up with many ideas and help materialize them. We will launch metaverse devices and solutions to enable customers to experience the new technology wherever they are."
He went on to confirm that Samsung is working on a metaverse device, and preparations for it have been going smoothly. Han then told everyone to look forward to Samsung’s metaverse launch.
Meanwhile, YNA reported that this is not the first time that the Samsung top executive mentioned the need to take action and venture into the fast-growing new technology, which is also widely seen as the next big thing in the tech business worldwide.
In fact, various major companies, such as Facebook, have already created their own metaverse. Facebook even changed its name to Meta as it builds its own version of virtual space. Mark Zuckerberg believes that the metaverse is "the next evolution of social connection," and this is why Meta is putting in billions of money as investments for this technology.


Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
How the UK’s rollback of banking regulations could risk another financial crisis
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’
Gold Prices Rise as Markets Await Trump’s Policy Announcements
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Infosys Shares Drop Amid Earnings Quality Concerns
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Reliance Industries Surges on Strong Quarterly Profit, Retail Recovery




