After 1,200% rally, S. Korea’s star tech stocks need staying power


Six of the nation’s 10 best-performing stocks in 2021 are linked to the virtual universe or non-fungible tokens (NFTs), including Wemade Max Co, which has surged 1,500% as it seeks to be a blockchain game developer, and its top holder Wemade Co.(File pic: A screen displays a character of Wemade Co. Mir4 mobile game at the company's headquarters in Seongnam, South Korea, on Wednesday, Oct. 6, 2021. Based on blockchain technology, Mir4 allows online players to convert in-game assets into tradable crypto coins, while their avatars hunt and battle in the virtual world.)

SEOUL: For equity investors in South Korea, this was the year the metaverse arrived.

Six of the nation’s 10 best-performing stocks in 2021 are linked to the virtual universe or non-fungible tokens (NFTs), including Wemade Max Co, which has surged 1,500% as it seeks to be a blockchain game developer, and its top holder Wemade Co.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
Shedding light on power sector prospects
EQ expands to Thailand

Others Also Read