APE Sports activities (APE), the mum or dad firm of South Korean firm group SeolHaeOne Prince (SP), signed a partnership take care of Chinese language esports group Edward Gaming (EDG). As part of the deal, EDG turned the “sister staff” of SP.
The 2 organizations will host a number of way of life actions between China and South Korea, together with inviting gamers for cultural exchanges, and meals exploring. The group is making ready to ask EDG gamers to South Korea, in response to a assertion that SP posted on Twitter.
Each organizations compete within the area’s prime League of Legends competitions, the League of Legends Professional League (LPL), and League of Legends Champion Korea (LCK).
As well as, APE additionally introduced that Sehun, a member of South Korean boy band EXO, will develop into a shareholder of SP, which can also be planning to use for franchising within the 2021 LCK.
As The Esports Observer reported, entry charges for profitable staff companions will value ₩10B KRW ($8.2M USD) for present groups, and newcomers could possibly be required to pay a price between ₩12B – ₩15B ($10M – $12.3M).
In June one other South Korean-Pop star, Kim Hee-Chul, invested in South Korean esports group BRION E-Sports activities. The group was additionally planning to use for a franchising slot and compete within the 2021 LCK.
Kim Hee-Chul is a member of the South Korean boy band Tremendous Junior. Each Hee-Chul and Sehun have a major presence within the South Korean music and movie trade.