By ikkelins on Skatehive
https://lirp.cdn-website.com/58af6a93/dms3rep/multi/opt/Wemade+and+SK+Planet+Enter+Strategic+Partnership+to+Drive+Blockchain+and+Platform+Business+Growth-1920w.png A partnership between Wemade’s blockchain business WEMIX and SK Planet’s OK Cashbag business To make mutual minority share purchases by creating a close relationship Wemade chairman Gwanho Park to buy WEMIX coins with the proceeds from the stock sale for the WEMIX ecosystem growth Wemade and SK Planet have agreed on a strategic partnership for expanding the blockchain and platform market ecosystems. To accelerate closer business partnerships, the two companies are investing in each other’s shares. Wemade and its subsidiary ChuanQi IP are acquiring 7.08% and 5.31% of SK Planet’s shares for 20 billion KRW and 15 billion KRW, respectively. SK Planet is buying 20 billion KRW’s worth of Wemade’s convertible bond, and about 15 billion KRW of stocks owned by Gwanho Park, chairman of Wemade, thus holding around 1.27% of Wemade’s sha