South Korea "first year of the meta-world": top 10 risers this year, more than half of the market for meta-universe and NFT products

The analysis shows that 6 of the 10 best performing products in Korea in one year are associated with the metaverse and conceptualization of non-homogeneous tokens (NFT). One example is Wemade Max, a Korean online games company actively seeking out a blockchain game developer, and its stock price has risen 1,500% in a year.

For Korean stock market investors, this year is undoubtedly the year of the meta edge.

The analysis shows that 6 of the 10 best performing products in Korea in one year are associated with the metaverse and conceptualization of non-homogeneous tokens (NFT).

One example is Wemade Max, a Korean online games company actively seeking out a blockchain game developer, and its stock price has risen 1,500% in a year. Additionally, as modern traders buy commodities and ETFs affected by meta-global strategy, the share price of Giant Step, a developer of virtual specialties, has risen more than 1,200% since its name in March.

In Korea, governments and businesses have a positive attitude towards the metaverse.From 2022, Seoul Metropolitan Government will establish regional governance in all areas of the city, town and government, including economy and culture. , Tourism, Education, Petition 3 Step Ecology Services.

The rapid pace of action of the Korean business community is also a world leader. Many Korean companies have actively invested or collaborated on platforms related to the Metaverse, and some Korean entertainment companies have advertised idol groups created by real and virtual people. NFT, which collects data from members of the metaverse and blockchain, which is a collection of various digital technologies, is widely used by many online developers, content developers, and music business developers.

Of course, if the meta-universal strategy mentioned above is to be successful in the near future, it will still have to prove feasible for the industry. Otherwise, you will have problems.

Jonghwa Seong, analyst at eBEST Investment & Securities, said, “We remain optimistic about companies that have entered NFT and the global market. In the future.

Looking at the performance of the Korean economy in the first half of this year, all different industries are negative due to Bank of Korea skepticism, new contagion (COVID) -19) and restrictions on trading on margin.The Korean Economic Index (KOSPI) broke the 3,000 mark for the first time in its history in early 2021, but it used up most of its gains for the year and prices rose until early 2021. the year narrow. through early 2021. It is around 5%, but still better than the MSCI Asia Pacific Index. The latter fell 3% at the same time.

Ahn Hyeong-jin, CEO of Billionfold Asset Management, said, “There is a resurgence of entrepreneurship in Korea.

It should be noted that owners are selling their products for the first time this quarter since the novel coronavirus (COVID-19) crisis last year. This is due to some of the flagship products that have been raining in the last year, such as Shinpoong Pharmaceutical. Celltion, both happen.

In addition, this year, foreign investment is expected to become South Korea's biggest seller of capital goods for the first time since the 2008 financial crisis. In 2020 and 2021 ...

The winners and losers of the Korean stock market this year are as follows.

the winner

Wemade Max (1499%)

WeMade, a distributor of WeMade Max, is the developer of the world famous online game "Legend". The company-developed cross-platform mobile MMORPG “The Legend of Mir 4” was released to gamers around the world this year. In-game assets have turned into a cryptocurrency market. When WeMade Max announced that it was going to switch products in November of this year, it hit the one day limit, and WeMade Next, the developer of Legend 4, became a 100% professional helper. The current market value of the company is approximately $ 615 million.

However, the stock market angrily aroused interest from the Korean Stock Exchange, known as Investor Watch, and included the stock market in its stock that closed after December 16 until further notice. “It's a small thing,” said An of Billionfold. "The reason he's increasing is because people think he'll benefit from expanding Wemade's meta-world. But the relationship isn't very strong."

Giant steps (1276%)

The Seoul-based company was listed on KOSDAQ, a small retailer in Korea, in March this year, and its share price rose sharply during the recent meta-global boom. Currently, we have partnered with Korean pop music companies such as SM Entertainment to create avatars for Korean music stars, and we have also partnered with Hibe, an entertainment company on BTS.

Mr A said, "This product is a meta-global concept and can be called a meme stock. It is not certain that the rise in commodity prices is real."

lost

Shinpoong Pharmaceutical (-74%)

The venture capital of Pyramax, a well-known home-based pharmaceutical company, has fallen from $ 6.4 billion in January to $ 1.4 billion this month due to a lack of meaningful data on chemical experiments phase 2. This contrasts with the rise in stock prices last year. Shinpoong Pharmaceutical will increase 1600% by 2020.

Cell (-40%)

Celltion, like Shinpoong, is a pharmaceutical company that hasn't had a high market share for new therapies this year, even though its stock price rose more than 100% last year. While the company's sales and monthly revenue have both fallen over the past year, sales growth for the new Rekirona vaccine has slowed. International pharmaceutical companies such as Pfizer have taken the lead in developing innovative solutions, which has had an impact on cost sharing.

SK chemicals (-41%)

SK Bioscience (SK Bioscience) is the company with the most IPOs in the world this year, but SK Chemicals, the parent company, has fallen this year. AstraZeneca is now relied on to develop vaccines for SK Biotech, and investors are refusing to sell SK Chemicals' main vaccines.