[Featured Stock] BK Tops Expected to Benefit from Government's 9.3 Trillion Won Metaverse Budget Announcement↑

[Asia Economy Reporter Jang Hyowon] BK Tops is showing strong performance. Recently, BK Tops, which has embarked on building metaverse spaces in collaboration with Seoul city local governments, is expected to benefit, leading to a surge in buying interest.

As of 2:34 PM on the 2nd, BK Tops is trading at 7,460 KRW, up 3.76% from the previous trading day.

The government announced the 2022 budget plan worth 600 trillion KRW on the 31st. Among this, 9.3 trillion KRW will be invested in citizen-experienced digital transformation, including fostering hyperconnected new industries such as the metaverse, and 13.3 trillion KRW will be allocated to building smart green cities and advancing as a global green powerhouse.

BK Tops is currently promoting a project to build a mirror world system with local governments such as Gwangjin-gu and Gangnam-gu in Seoul through its recent acquisition of Nspec.

The mirror world is a digital world that uses three-dimensional computer graphics to reflect real-world information exactly on the internet. It is a form of constructing a metaverse virtual space by utilizing regional spatial information owned by local governments.

According to the company, by using this technology, economic activities and transactions such as e-commerce can take place in the metaverse virtual space as if in a real environment, which is expected to help revitalize local commercial districts.

Meanwhile, BK Tops is known to plan further enhancing the completeness and usability of its platform by metaversing high-precision spatial information such as Digital Elevation Models (DEM) and high-precision road maps, which are promoted by the government as part of the Korean New Deal project.

This content was produced with the assistance of AI translation services.