SK Inc. and SK Energy jointly buy a major stake in Atom Power to expand its energy solution service portfolio.
Shinsegae will build an integrated mall with unique facilities and offer thousands of new jobs to the locals.
Cadillac will succeed the German automaker, which has been the Grand Slam's official vehicle since 2009 and has paid a reported US$9 million per year.
Samsung Biologics and Samsung C&T formed Life Sciences Fund and invested in Senda Biosciences for the development of next-generation biopharmaceuticals.
Kakao Corp. cancels the sale of its stake in Kakao Mobility after a month-long protest of the union workers.
Merck has acquired Mecaro and will use its facilities including the R&D center in South Korea after the completion of the deal.
Tesla unloaded a big part of its cryptocurrency asset a year after Elon Musk said they will not sell their Bitcoins.
Animoca Brands, Planet Hollywood form JV for NFT, metaverse
Animoca Brands announced that it was partnering with the Planet Hollywood Group to form ‘MetaHollywood’, a non-fungible token (NFT) and metaverse joint venture.
Over 60,000 pieces of Planet Hollywood cinematic memorabilia, including photography and movie posters, will be tokenized and sold by MetaHollywood. There are also plans to create a marketplace where movie studios and producers can sell NFTs, such as behind-the-scenes footage, to fans.
MetaHollywood will also issue a native utility and governance token. Holders of the HWOOD token will be able to influence community development decisions. MetaHollywood's marketing fund will receive 12 perent of the token supply, while the fashion and content development fund will receive 10% for obtaining license rights. Only 0.5 percent of the token's supply will be available for purchase by the general public.
Animoca Brands is one of the most active blockchain gaming and metaverse investors.