SK Telecom invests in a company that produces virtual content

SEOUL, June 14 (Yonhap) – SK Telecom Co., South Korea’s leading wireless operator, said on Monday that it has invested in a leading virtual content production company to enhance its virtual reality (VR) and its metaverse services.

The company said it signed an agreement to acquire a stake in Seoul-based ViveStudios, which is behind the acclaimed VR series “VOLT”, and to introduce the company’s 3D filming technology to its services. virtual reality.

The terms of the agreement were not disclosed.

SK Telecom said it expects investment and partnership to increase its virtual meeting services.

Currently, the telecommunications operator operates its Jump platform, which allows users to interact with other people in a virtual world, or the so-called metaverse, with digital avatars.

SK Telecom said it will incorporate ViveStudios ’3D recording and real-time visual effects technology to create a more realistic experience in virtual space.

The mobile phone company has recently intensified its efforts in metaverse technology.

Last month it partnered with the K-pop girl group STAYC to produce digital versions of its members on its Jump AR mobile app, allowing users to take photos and videos with members as if they were physically there.

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