South Korean game giant WeMade completed a strategic financing of approximately US$46.57 million through convertible bonds, with participation from Microsoft and others

According to CoinDesk Korea, South Korean gaming giant WeMade completed a strategic financing of 66 billion won (approximately US$46.57 million), with participation from Shinhan Asset Management, KIWOOM Securities and Microsoft. This round of financing was carried out in the form of issuing convertible bonds. Shinhan Asset Investment 30 billion won (593,938 shares), Microsoft 21 billion won (415,757 shares), KIWOOM Securities 15 billion won (296,969 shares), and the coupon rate of the convertible bonds was 0%, due November 18, 2027. Wemade CEO said that Wemade and WEMIX will continue to work hard to obtain investment and continue to actively invest in building a global digital economy platform.