Seoul, South Korea, 18th September 2023, ZEX PR WIRE, Wemade and SK Planet have agreed on a strategic partnership for expanding the blockchain and platform market ecosystems.
To accelerate closer business partnerships, the two companies are investing in each other’s shares.
Wemade and its subsidiary ChuanQi IP are acquiring 7.08% and 5.31% of SK Planet’s shares for 20 billion KRW and 15 billion KRW, respectively.
SK Planet is buying 20 billion KRW’s worth of Wemade’s convertible bond, and about 15 billion KRW of stocks owned by Gwanho Park, chairman of Wemade, thus holding around 1.27% of Wemade’s shares.
Chairman Park will buy WEMIX coins with the proceeds from the stock sale, a decision made for the growth and vitalization of the WEMIX ecosystem.
Both companies plan to find various ways for collaborative marketing and promotions, and expand into the blockchain field with OK Cashbag NFT membership.
“I expect this partnership will bring innovation to our platform ecosystem and enable us to offer new experiences and values to our customers,” said Hansang Lee, CEO of SK Planet. “We are committed to make synergistic effects and fruitful outcomes with Wemade.”
“The partnership with SK Planet, a long-standing company with a marketing platform like OK Cashbag, will create a tremendous synergy for both parties. The growth of Wemade and SK Planet in the Korean market will be accelerated, especially with our transparent society platform, Wepublic,” said Henry Chang, CEO of Wemade.
Wemade will continue to actively seek partnerships with Korean and global companies.
Press Contact: wylee@wemade.com
About Wemade
A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.
With the event now days away, the globally regulated Forex and multi-asset broker will meet…
The emerging Web3 infrastructure initiative outlines an incentive-driven model connecting verified cooling performance with Efficiency…
The Stewardship Standard draws on more than three decades of hospitality leadership to help leaders…
Cybersecurity engineer Asante Babers, based in the United States, is encouraging people to review their…
Growing community highlights the power of education, consistency, and shared experiences while introducing a new…
Developer shares why memorable commercial spaces encourage connection and support local businesses. ORLANDO, FL, Aug 12,…