After 1,200% rally, S. Korea’s star tech stocks need staying power

Six of the nation’s 10 best-performing stocks in 2021 are linked to the virtual universe or non-fungible tokens (NFTs), including Wemade Max Co, which has surged 1,500% as it seeks to be a blockchain game developer, and its top holder Wemade Co.(File pic: A screen displays a character of Wemade Co. Mir4 mobile game at the company's headquarters in Seongnam, South Korea, on Wednesday, Oct. 6, 2021. Based on blockchain technology, Mir4 allows online players to convert in-game assets into tradable crypto coins, while their avatars hunt and battle in the virtual world.)

SEOUL: For equity investors in South Korea, this was the year the metaverse arrived.

Six of the nation’s 10 best-performing stocks in 2021 are linked to the virtual universe or non-fungible tokens (NFTs), including Wemade Max Co, which has surged 1,500% as it seeks to be a blockchain game developer, and its top holder Wemade Co.