Pinetek Invests in Metaverse Platform Specialist 'YMx'... "Expecting Synergy"

FineTech announced on the 11th that it has made a strategic investment of 1 billion KRW in the metaverse platform specialist company YMX.

Through this investment, FineTech expects to create a synergy effect based on its existing virtual reality implementation technology.

FineTech has secured holographic, gesture, and contactless touch system solutions to build a metaverse ecosystem. In particular, it has attracted attention for its unique technology that enables three-dimensional holography and manipulation without using additional auxiliary devices such as AR glasses.

YMX, in which FineTech invested, is a metaverse platform specialist company based on virtual reality (VR) and augmented reality (AR) for B2B (business-to-business). While the metaverse market is mainly focused on B2C (business-to-consumer) services, YMX pioneered the B2B market with its industrial metaverse solution, MXSpace. Major domestic conglomerates in various industries have already adopted MXSpace.

MXSpace supports the entire process from product planning to prototype production, manufacturing and quality, sales and distribution in the metaverse virtual space, including ▲real-time design and engineering collaboration and digital twin simulation ▲simulator-based employee training and AR quality inspection ▲customer product experience provision.

A company official stated, “Through this strategic investment, we are actively reviewing areas where we can collaborate with YMX, a metaverse platform specialist company,” and added, “We expect the synergy effect to be maximized when YMX’s metaverse platform and FineTech’s technology are combined.”