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South Korea’s Science Ministry to develop ethical principles f | Metaverse | DeFi | Nfts | Trading

South Korea’s Science Ministry to develop ethical principles for the metaverse

The
Ministry of Science and ICT (MSIT) of South Korea recently released a set of key ethical principles fundamental for growth and participation in the metaverse. The MSIT proposed eight principles to uphold while participating in the metaverse: authenticity, autonomy, reciprocity, respect for privacy, fairness, data protection, inclusiveness, and accountability.

To ensure the principles can be applied to use cases of the metaverse, the MSIT plans to gather feedback from relevant departments, experts, industries, and civic organizations to finalize the draft by the end of 2022. The MSIT also addressed growing concerns regarding how users interact online, including copyright, juvenile protection, and personal information. In July, the country announced the Digital New Deal (New Deal 2.0) plan, under which it will invest 9 trillion won to foster a ‘world-class metaverse ecosystem.’

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