[Featured Stock] Sky E&M Rises on Expectations of Metaverse Benefits Following Cyworld Business Acquisition
[Asia Economy Reporter Hyunseok Yoo] Sky E&M is showing strong performance. Following the successful IPO of 'Roblox (ROBLOX)' on the New York Stock Exchange, metaverse-related stocks are gaining attention.
As of 9:16 AM on the 19th, Sky E&M was trading at 1,750 KRW, up 2.34% (40 KRW) compared to the previous trading day.
The metaverse is a compound word of 'meta,' meaning transcendence or abstraction, and 'universe,' referring to the real world, describing a three-dimensional virtual world where the boundary between reality and virtuality disappears.
Sky E&M plans to reopen Cyworld by investing in CyworldZ Corporation, which acquired the business rights of Cyworld, a company that faced closure due to listing management difficulties.
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They have announced plans to apply metaverse elements such as avatars and virtual worlds to reinvent the mobile version of Cyworld and to issue a virtual currency to replace acorns.
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