SK Square to Demand Metaverse Presence for Portfolio Companies: Report

SK Square to Demand Metaverse Presence for Portfolio Companies: Report
SK Square, the investment spinoff of SK Telecom, wants all its portfolio companies to have a metaverse presence, Bloomberg reported.“Our business needs to evolve into the metaverse,” Managing Director Huh Seok-joon said in an interview with Bloomberg. In the future, customers will interact with companies through the metaverse rather than mobile phones, and crypto tokens will become native currencies for their platforms, he said.SK Telecom is owned by SK Group, one of South Korea’s largest companies. The metaverse requirement stands in contrast to the traditional investments made by the country’s conglomerates, which tend to be focus on industries such as…