Com2Verse, SK networks sign $3M investment deal on the metaverse

Tech

Published: 23 Aug. 2022, 15:22 Updated: 23 Aug. 2022, 17:32

Com2Verse, SK networks sign $3M investment deal on the metaverse

Officials from Com2Verse and SK networks sign an investment deal on the Com2Verse metaverse platform on Tuesday. [COM2US]

Com2Verse, the metaverse subsidiary of game publisher Com2uS, raised a 4 billion won ($3 million) investment from SK networks for an undisclosed stake, the company said Tuesday.

Com2Verse, a metaverse subsidiary 70 percent owned by Com2uS, signed the agreement on its metaverse platform of the same name.

SK networks is a general trading company, 39.1 percent owned by its largest shareholder SK Inc., operating in a wide range of sectors varying from chemical products to telecommunication businesses to car rental services.

The metaverse company will load the SK subsidiary's offline services onto the Com2Verse metaverse space such as customer services and other consultation works.

“We are happy to welcome SK networks, a leading company in the lifestyle industry, as our business partner,” said Lee Kyung-il, CEO of Com2Verse, in a press release. “We will make the metaverse world a more enjoyable one through the business know-hows and competitiveness that each company has.”

Com2Verse aims to raise 40 billion won in investments, but specific plans have not been decided yet, according to a spokesperson.

The company was founded last April by Com2uS and two of its subsidiaries, Wysiwyg Studios and NP.

BY YOON SO-YEON [yoon.soyeon@joongang.co.kr]