[Featured Stock] YJM Games Rises on Expectations of VR Game Market Growth

[Asia Economy Reporter Hyunseok Yoo] YJM Games is showing strong performance. This appears to be influenced by expectations of benefits from the blooming VR game market.

As of 11:08 AM on the 31st, YJM Games was trading at 1,110 KRW, up 4.72% (50 KRW) compared to the previous trading day.

It is analyzed that the blooming of the VR market is being accelerated as domestic telecommunications companies actively invest in VR content. KT held the VR service contest ‘IM Super VR (IM Super VR)’ on the 30th to revitalize the domestic VR market.

SKT also announced at the end of last year that it is developing a VR game utilizing the IP of the game ‘KartRider’. In addition, the release of high-performance VR hardware along with content is scheduled. HP recently revealed an exterior teaser of the next-generation VR device ‘Reverb G2’, which is being developed in collaboration with Microsoft and Valve. The currently marketed HTC ‘Vive Cosmos’ enables a wireless VR environment without cables.

YJM Games, together with its major affiliate and VR specialized developer One Immers, is releasing and servicing 11 VR games including the popular VR game ‘Dessert Slice’ on Steam and Oculus.