[Featured Stock] NHN Bugs Applies for Cyworld App on Google and Apple... A K-Platform Challenge Following Naver and Kakao

[Asia Economy Reporter Hyunseok Yoo] NHN Bugs is showing strong performance. It appears that the news of registering the integrated app of the SNS ‘Cyworld’ and the metaverse ‘Cyworld Hancom Town,’ which will be released on the 17th, on Google and Apple has influenced the stock price.

As of 9:37 AM on the 9th, NHN Bugs was trading at 15,200 KRW, up 9.75% (1,350 KRW) compared to the previous day.

Cyworld Z has revealed for the first time the icon and user interface (UI) screenshots of the Cyworld app, which is currently under app review.

On the 17th of last month, Cyworld Z and Hancom established their joint venture, Cyworld Hancom Town, and announced the joint development of the metaverse version of Cyworld, ‘Cyworld Hancom Town,’ along with the simultaneous release of the SNS Cyworld.

The metaverse Cyworld is linked in a way that users can access it by opening the door from the Mini Room. It starts from the personal space called ‘Mini Room,’ connects to ‘My Room,’ a small group space for about 10 friends, and then opens the door again to connect to the ‘Square,’ a plaza where more than 500 users can simultaneously connect.

Since starting the revival project in January, Cyworld Z has deployed about 140 developers and restoration personnel to restore 17 billion photos, 150 million videos, and 1.1 billion diaries.

Cyworld Z emphasized, “The newly launched Cyworld will be the only metaverse in Korea that captures the sensibility of the 20s to 40s generation (2040). As Korea’s first lifestyle metaverse, we will do our best to become the third-largest platform in Korea following Kakao and Naver.”

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