Dear U, a subsidiary of South Korean entertainment giant S.M.Entertainment, is building a meta-universe platform through IPO financing. According to Lee Hak-hee, vice president of Dear U, the company intends to raise 79.2 billion won (US$67.9 million), and plans to use the Metaverse platform as a new source of revenue.
South Korea’s S.M. subsidiary plans to promote Yuan Universe
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