[Hot Stock] HanbitSoft Rises on 2030 Metaverse Market Forecast of 1,700 Trillion Won
[Asia Economy Reporter Yoo Hyun-seok] HanbitSoft is showing strong performance. The prospect that the 'Metaverse' market, which blends virtual and real worlds, will grow rapidly appears to have influenced the stock price.
As of 10:34 AM on the 22nd, HanbitSoft was trading at 6,920 KRW, up 11.08% (690 KRW) compared to the previous trading day.
Metaverse is a compound word of 'meta,' meaning processing or abstraction, and 'universe,' referring to the real world, indicating a three-dimensional (3D) virtual world. Recently, the market has been rapidly growing by integrating new technologies such as augmented reality (AR), virtual reality (VR), extended reality (XR), and fifth-generation (5G) mobile communications.
The global accounting and consulting group PricewaterhouseCoopers (PwC) forecasted that the XR market, which forms the technological foundation of the metaverse, will grow from 537 trillion KRW in 2025 to 1,700 trillion KRW in 2030. As the prices of VR and AR devices necessary to experience the metaverse decrease, the related gaming market is also expected to expand.
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HanbitSoft is developing numerous mobile games and VR games across various sectors such as MMORPGs and strategy simulations by utilizing its existing IP. Some games are targeted for commercialization within this year.
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