[Asia Economy Reporter Minwoo Lee] The stock price of Kinemaster, a software developer related to video, is on the rise. This appears to be due to the fact that Samsung Electronics joined the 'Metaverse Alliance,' highlighting Kinemaster's history of supplying software development kits (SDK) for Samsung Electronics' Tizen operating system (OS).
As of 10:23 AM on the 4th, Kinemaster's stock price recorded 27,400 KRW, up 9.60% from the previous day. The news of Samsung Electronics joining the Metaverse Alliance, which was formed with the purpose of creating an innovative metaverse platform through 'super cooperation' between industries and companies, seems to have acted as a positive factor. Samsung Electronics has experience developing VR devices such as Gear VR and Odyssey Plus, and is currently researching and developing AR glasses.
This participation appears to have highlighted the fact that Kinemaster supplies SDKs for Samsung Electronics' Tizen TV. Since its predecessor, Nextreaming, Kinemaster has also supplied video playback software for Samsung Electronics and LG Electronics mobile phones.
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