Korea to launch virtual reality shopping mall
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A virtual reality shopping mall is set to be launched in Korea, backed by the government.
The Ministry of Trade, Industry & Energy says it will be rolling out the mall during this year’s Korea Sale Festa – Korean Black Friday – in October.
The ministry hopes that consumers will be able to use to shop and place orders and have the goods delivered to their doorstep.
This video gives an idea of what shoppers can expect when the design is complete.
According to the ministry, although the global retail industry recognises VR or AR shopping as the industry’s future, key players such as eBay and Alibaba are still in the testing phase.
The ministry is inviting retailers to join its initiative starting this week to establish virtual outlets on the upcoming platform. The deadline for applications is April 10.
“We’re hoping for our project to provide new business opportunities and create a whole new market,” a ministry official said.
Questions & Answers
Q.When is the virtual reality shopping mall expected to be launched?
When is the virtual reality shopping mall expected to be launched?
The Ministry of Trade, Industry & Energy plans to roll out the virtual reality shopping mall during this year’s Korea Sale Festa, which takes place in October. This event is described as the Korean Black Friday.
Q.What is the deadline for retailers to apply to join this new initiative?
What is the deadline for retailers to apply to join this new initiative?
Retailers interested in establishing virtual outlets on the upcoming platform have until April 10 to submit their applications. The Ministry is inviting businesses to join starting this week.
Q.Which government body is backing the launch of this virtual reality shopping mall?
Which government body is backing the launch of this virtual reality shopping mall?
The Ministry of Trade, Industry & Energy is the government body supporting and rolling out this virtual reality shopping mall. They hope it will create new business opportunities.
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