Com2verse attracts investment of $9.4 million from strategic partners

The company plans to build metaverse businesses with Hana Financial Group, Kyobo Book and Kyowon Group

Metaverse platform of Com2verse
Metaverse platform of Com2verse
Han-Gyeol Seon 1
2023-01-04 09:55:18 always@hankyung.com
Metaverse

Com2verse, Com2uS Corp.'s metaverse subsidiary said on Tuesday that it has secured a strategic investment of 4 billion won ($3.1 million) each from Hana Financial Group, Kyobo Book, and Kyowon Group.

At the time of its establishment in April last year, Com2verse secured a total of 15 billion won in initial funding from Com2uS and its subsidiaries WYSIWYG Studios Co. and NP. In August of last year, it received an investment of 4 billion won from SK Networks.

Com2verse plans to build a metaverse business partnership ecosystem with investors. With Hana Financial Group, it will promote metaverse financial businesses such as "Metaverse Banking," which handles banking operations on the metaverse.

In collaboration with Kyobo Book, virtual world-based cultural content spaces such as metaverse bookstores and author-participating communities will be created. Kyowon Group is promoting collaborations to provide various education and culture programs in the virtual world.

"The fact that we have successfully attracted investment even during the recent recession is based on the strength of our company being highly evaluated for its business vision and competitiveness. We will promote open collaboration with many companies in wide industries," said Lee Gyeong-il, CEO of Com2verse.

Write to Han-Gyeol Seon at always@hankyung.com

Game publisher Com2uS buys $47 mn worth of SM Entertainment shares

Game publisher Com2uS buys $47 mn worth of SM Entertainment shares

Founder and chief producer of SM Entertainment Lee Soo-man (Courtesy of SM Entertainment) South Korean mobile and online game developer and publisher Com2uS Corp. acquired a whopping 67 billion won ($47 million) worth of SM Entertainment Co. shares last month. The word on the street is tha

Com2uS announces plans to build real-life-like metaverse platform

Com2uS announces plans to build real-life-like metaverse platform

Com2uS' Summoners War: Chronicles was released on Aug. 16 in South Korea (Courtesy of Com2uS) South Korea’s Com2uS Studios, the creator of the popular game Summoners War, said on Thursday it will unveil a real-life-like metaverse platform next year, setting it apart from the existing ente

Com2uS, Gamevil Chairman Song Byung-joon: Mobile game pioneer, sports enthusiast

Com2uS, Gamevil Chairman Song Byung-joon: Mobile game pioneer, sports enthusiast

About eight years ago on Oct. 5, 2013, Song Byung-joon, the then-chief executive of South Korean mobile game developer Gamevil Inc., visited the office of its recent rival, Com2uS Corp. It was the day after Gamevil announced the 70 billion won ($63 million) acquisition of Com2uS.“I wante

Com2uS acquires metaverse platform to grow as digital content provider

Com2uS acquires metaverse platform to grow as digital content provider

South Korea-based Com2uS Corp., the creator of the popular game Summoners War, is ramping up its efforts to transition into a global content platform by acquiring the management rights of WYSIWYG Studios Co.On Aug. 25, Com2uS announced that it has acquired 11.27 million common shares in WYSIWY

(* comment hide *}