Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
FxWirePro- Major Crypto levels and bias summary 
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war? 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
S&P 500 Surges Ahead of Trump Inauguration as Markets Rally 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
FxWirePro- Major Crypto levels and bias summary 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
SK networks is investing in Com2Verse, the metaverse subsidiary of Com2uS, a South Korean mobile and online game publisher. The two firms signed an investment deal worth KRW4 billion or around $3 million.
SK networks has put in money on Com2Verse to explore new business opportunities in the field of the Metaverse which is one of the fast-growing businesses today. This move has been confirmed by the company officials on Tuesday, Aug. 23.
Moreover, SK networks and Com2Verse signed a memorandum of understanding (MoU) to work together in stepping up and building a metaverse ecosystem. The two firms held the signing ceremony yesterday at the virtual auditorium of Com2Verse’s metaverse platform.
The investment deal is a strategic business partnership and they will soon establish a new metaverse system. Both SK networks president and chief executive officer, Park Sang Kyu, and Com2Verse’s president and CEO, Lee Kyoung Il were present through their avatars in the virtual auditorium during the signing event.
The Korea Herald reported that the MOU will allow the SK Group-affiliated multinational corporation to set up business areas of its headquarters and subsidiaries in Com2Verse’s metaverse platform. It will also be able to operate a number of business processes and offer customer services through those virtual office spaces.
SK networks is also providing the KRW4 billion funds to clear the way for its collaboration with the Metaverse company. It will now start building its business territories in Com2Verse’s metaverse platform. Customers will see the company’s services related to hotels, purifier rentals, car rentals, and more.
“In addition to our endeavor last year to expand blockchain collaboration network with blockchain-specialized venture capital Hashed and blockchain technology startup Block Odyssey, we have built a base as an insider in the blockchain ecosystem,” an SK networks official said in a press release.
He added, “By investing in Com2Verse and forging business partnerships to pry open the _verse market which is one of the promising business areas of the future, SK networks will combine its existing business lines with blockchain to create new values in the _verse world.”
