Com2uS to Invest 350 Billion KRW in Metaverse Content and More This Year

Investment Valuation Reaches 800 Billion Won

[Asia Economy Reporter Buaeri] Com2uS announced on the 18th that it has invested 350 billion KRW this year in games, videos, and content.

Com2uS made these investments in promising companies building a content value chain linked to the metaverse, including WYSIWYG Studio, Devsisters, Jungle Studio, and K-Bank.

According to Com2uS, the valuation of major companies among this year’s invested firms, which are currently listed or traded over-the-counter, has exceeded 720 billion KRW. The company explained that even reflecting only the principal investment amount excluding the actual value increase of other companies, the total investment valuation reaches 800 billion KRW.

Com2uS invested 205.7 billion KRW in WYSIWYG Studio, a leading metaverse company. After participating in a 45 billion KRW new share paid-in capital increase in March, it injected an additional 160.7 billion KRW in August to acquire management rights. As of the 15th, the share value of WYSIWYG Studio is 362.9 billion KRW, generating an appraisal gain of over 157 billion KRW.

Com2uS also made a 27.8 billion KRW investment in Devsisters in February, becoming the second-largest shareholder. The 1.66 million shares of Devsisters held by Com2uS are currently valued at over 227 billion KRW based on the current stock price.

In May, Com2uS participated in a 50 billion KRW new share paid-in capital increase of K-Bank, securing a 2.1% stake, and K-Bank’s corporate value has surged. At the time of investment, K-Bank’s corporate value was estimated at about 2.4 trillion KRW, but recently it has been traded in the over-the-counter stock market with a market capitalization exceeding 6.3 trillion KRW. Com2uS’s share valuation skyrocketed to 130 billion KRW in just over four months.

Additionally, Com2uS invested about 70 billion KRW in competitive content companies including game companies OL.M and Gramper, webtoon and web novel company MStoryHub, video content and media companies WhyNotMedia and MediaCan, and webtoon production company Jungle Studio. Based on a transmedia strategy connecting text-based intellectual property (IP), video, games, finance, and virtual assets, Com2uS is maximizing investment value.

Meanwhile, the holding company Gamevil is also showing investment performance. Through its U.S. subsidiary, Gamevil holds a 4.5% stake in Kong Studio, famous for the game Guardian Tales. Recently, Kong Studio succeeded in raising investment based on a corporate value of 1 billion USD, becoming a unicorn company. Gamevil’s stake, initially invested with 150,000 USD (about 180 million KRW), is estimated to be worth 45 million USD (about 53 billion KRW), 300 times the initial investment.

Furthermore, Gamevil decided to invest 94.4 billion KRW this year in Coinone, a leading domestic specialized virtual asset exchange, securing a 38.43% stake and becoming the second-largest shareholder. As the blockchain industry rapidly expands into non-fungible tokens (NFTs), games, and more, Gamevil’s investment value is also being highly evaluated.

A Com2uS official stated, "Based on solid cash assets, we plan to continue investing in excellent companies that will pioneer the next-generation metaverse market together."