Why members of South Korea’s Gen MZ are buying ‘digital land’ in the metaverse for millions of won

South Korean engineer Shaun has big plans to develop the parcels of land he has snapped up for millions of won in recent years into long-term money-spinners.“I’m planning to design my building which is suitable to host K-pop live performances and K-drama screenings,” the 30-year-old investor said. “That can probably lead to a profitable business model in two to three years.”And construction will not be hampered by any coronavirus pandemic-spurred labour shortages or increased costs. Shaun’s…