Lynas Rare Earths Shares Surge on Strong Half-Year Earnings and Rising Global Demand 
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand 
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts 
Flare, Xaman Roll Out One-Click DeFi Vault for XRP Yield via XRPL Wallets 
U.S. Stock Futures Fall as Nvidia Drops Despite Strong Earnings; Netflix Jumps 9% 
BOJ Signals Possible April Rate Hike as Ueda Eyes Inflation and Wage Growth Data 
IMF Urges U.S. to Cut Fiscal Deficit to Reduce Trade and Current Account Gaps 
Strait of Hormuz Oil and LNG Shipments Disrupted After U.S.-Israel Strikes on Iran 
FCC Approves Charter Communications’ $34.5 Billion Acquisition of Cox Communications 
Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook 
Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
China’s New Home Prices Post Sharpest Drop Since 2022 Amid Ongoing Property Slump 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU 
Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit 
SK Telecom, a leading telecommunication company in South Korea, has acquired a 20% stake in Korea Content Platform (KCP), a joint venture between the three major Korean television broadcasters including SBS, KBS, and MBC.
The business that was founded in 2016 is based in the United States and was established to bring Korean content to America. According to Pulse News, SK Telecom revealed last weekend that it has completed the acquisition of a 20% stake in KCP, and the deal is worth ₩30 billion or around $25.8 million.
The telecom firm made the move to build up its contents portfolio and audience reach of its Wavve over-the-top (OTT) platform. The KCP has launched its streaming service called KOCOWA (Korean Content Wave), and it has been releasing Korean video content for streaming since 2017. It was said that the service has more than one million subscribers in the U.S.
Telecom companies today are competing not just in mobile service, but as they are also expanding to other ventures, their competition has branched out to content and pay TV. With this said, SK Telecom Corp. has also ventured into the content business and now working to develop it further, and the acquisition of a stake in KCP is part of the plan for this goal. It was said that through partnerships and acquisitions, the company is trying to catch up with Netflix.
SK Telecom has also entered the metaverse field with the launch of its ifland platform in July. This was also introduced to kickstart its 5G virtual service business. Ifland is available for Android device users, and later, the platform will also be on iOS and other VR gadgets.
Meanwhile, SK Telecom is promoting world peacekeeping in ifland. It has joined hands with South Korea's Ministry of Foreign Affairs for this campaign that was announced on Sunday, Aug. 29. Korea IT Times reported that the company will be part of the 2021 UN Peacekeeping Ministerial that will be held in Seoul from Dec. 7 to 8.
This affair is said to be the largest and highest-level meeting in the field of peacekeeping activities. Finally, the event is proceeding, but due to the COVID-19 situation, SK Telecom and the MFA will hold the launching ceremony for the young peacekeepers on ifland.
“I was delighted to be able to capture the passion of young peacekeepers in the ifland, "SKT Metaverse project head, Yang Maeng Seok, said. “We will continue to actively support internationally meaningful activities and events to be held in the Metaverse space in the future.”
