Weber Shandwick Weber Shandwick
  • Work
  • About Us
    • Who We Are
    • We Solve
    • Expertise
  • #WORKATWEBER
    • Join Our Team
    • Our Values
  • News & Insights
  • Contact
  • English
    • Japanese
  • Privacy Policy
The Metaverse in Asia Pacific

Share:   

The Metaverse in Asia Pacific

11.29.2022

Each week, Weber Shandwick’s APAC Intelligence Bulletin shares the key developments shaping business sectors and markets throughout the Asia Pacific region.

  • Investment in metaverse solutions continues to grow throughout Asia
  • A wide variety of sectors believe the metaverse could resolve problems like the current talent crunch and hybrid office needs
  • Recent growth in Asia Pacific is particularly focused around the education and automotive sectors
  • However, a lack of more widespread interest and understanding of the metaverse may compromise growth

One of China’s leading conglomerates has newly announced a deal with the world’s largest mobile network to expand services in the metaverse. A recent report has estimated India’s metaverse sector will be worth US$679 billion by 2030. In South Korea, a startup has established a 30-storey tower in the metaverse to lease virtual office space to domestic and international companies.

Possible solutions

Many sectors hope the metaverse can help resolve obstacles facing their respective industries. 54% of Singapore businesses surveyed are planning to digitise in the coming year to reduce business costs. A survey of Australian banks found 91% believed the metaverse would be instrumental in reducing their carbon footprint, with 55% already investing in the technology.

A local court in the Chinese city of Xiamen recently held two hearings in the metaverse for university students studying law, with authorities saying the approach will help foster transparency and efficiency in China’s judicial system. Six provincial governments and ten local city authorities in China have recently announced new investments in the metaverse.

Growth areas

Education has been a particular focus for recent investments. Five government schools in the Indian city of Chennai have launched a metaverse programme for teachers and students. Universities in India and China have recently launched new metaverse initiatives, with one Chinese university rebranding one department as The Metaverse Engineering Department.

Recent investments have also focused heavily on Asia’s automotive sectors. The world’s ninth largest automotive manufacturer has announced a new Korea-led partnership with a Hong Kong SAR-based metaverse platform. A South Korean automotive multinational recently launched its latest product line in India with a metaverse gaming platform. Automotive brands in the Philippines are working to leverage the metaverse for factories.

Complex perspectives

However, consumer attitudes and investor attitudes may differ. A consumer survey from earlier this year found 35% of respondents hadn’t heard of the metaverse. More recently, research found that two-thirds of Australians weren’t familiar with the metaverse.

Further reading 

Entertainment & APAC
Asia Retail Experience in 2022
Marketing Campaigns in APAC

This briefing was prepared by Weber Shandwick’s Insight & Intelligence team in Singapore.

For regular intelligence on the Asia Pacific region’s many business sectors, subscribe to Weber Shandwick’s APAC Intelligence alerts.


Weber Shandwick
  • Work
  • About Us
  • #WORKATWEBER
  • News & Insights
  • Contact
  • English
Weber Shandwick’s APAC Intelligence alerts deliver regular updates on Asia Pacific’s many sectors, markets, and developments. Subscribe here..
  • Privacy Policy
Copyright © 2025 Weber Shandwick. All Rights Reserved.

Privacy & Cookie Policy

This website uses cookies, including third-party cookies, which allow Weber Shandwick to obtain information about your visit to the website. Please click here to learn more about the cookies used on this website and how to change current settings if you do not agree. By continuing to use this website, you consent to the use of cookies.

Privacy & Cookie Policy

Our website uses cookies for various purposes, including to enhance the site’s functionality, and help us understand how you use and interact with the website. To learn more about the cookies used and your choices, please see the Privacy Notice. Please indicate below whether you agree to the use of cookies for the purposes described above:

Yes No