[Featured Stock] YJM Games Highlights VR Business on News of Domestic Metaverse Ecosystem Expansion... 'Strong Performance'

[Asia Economy Reporter Hyunseok Yoo] YJM Games is showing strong performance. It appears that the news of the domestic metaverse ecosystem expanding under government leadership has had an impact.

As of 11:20 AM on the 18th, YJM Games was trading at 2,065 KRW, up 4.03% (80 KRW) compared to the previous trading day.

The Ministry of Science and ICT announced that it held the launch ceremony of the "Metaverse Alliance," formed mainly by metaverse-related industries and associations. The "Metaverse Alliance" is a public-private cooperation system for the development of the metaverse industry ecosystem.

Due to the news of the metaverse ecosystem expansion, YJM Games, which is conducting VR and AR content development and service businesses, is gaining attention.

YJM Games, together with its major affiliate and Korea's largest VR game developer, One Immers, develops VR games and platforms and provides VR content to over 200 stations in more than 10 countries worldwide.

At the regular shareholders' meeting held in March, YJM Games added "development of virtual reality world (metaverse) platforms and related businesses" to its business objectives.