V LIVE will be terminating their service.
On October 31 KST, the live video streaming service termination notice on their official website, writing, "Hello, this is V LIVE. We would like to thank all our members for using our V LIVE service, a live broadcast show that features stars and fans. This notice is to inform you that V LIVE will end its service on December 31, 2022."
They then continued to offer more details regarding the termination. Among the contents, the company explained that all V LIVE members will be able to transfer that membership to Weverse, and those with V coins will be able to convert these coins into Weverse Shop cash (at a conversion rate of 1 V coin equaling 25 KRW worth of Weverse Shop cash). V LIVE will also offer V coin refunds.
Meanwhile, further information regarding the termination can be read here.