[Asia Economy Reporter Minwoo Lee] Seongho Electronics' stock price is on the rise. It appears that the news of supplying parts to console devices from Microsoft (MS), Sony, and Nintendo has been highlighted. Expectations are growing that the role of console devices will expand on metaverse platforms such as virtual reality (VR), benefiting the company in the future.
As of 9:53 AM on the 22nd, the stock price of Seongho Electronics, a specialist manufacturer of condenser films, recorded 1,855 KRW, up 6.92% compared to the previous day. The news of supplying console device parts to MS, Sony, and Nintendo seems to have acted as a positive factor.
Seongho Electronics supplies condenser films used in console devices such as Sony PlayStation and MS Xbox. It is known to be the only domestic supplier of condenser films used in Nintendo's console device, the 'Switch.' Since the consoles of these three companies are expected to play a role as metaverse platform devices in the future, expectations are growing that they will benefit from the expansion of the metaverse market. Seongho Electronics has already supplied parts used in Sony's VR gaming headsets.
The metaverse is a compound word of universe, meaning the real world, and meta, meaning virtual or abstract. It refers to a three-dimensional virtual world where the boundary between reality and virtuality disappears. Technologies such as VR and AR are expected to be actively utilized.
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