NPX Capital Makes Additional 50.4 Billion KRW Investment in ‘Kofin Communications’ Through NPX PE

Following a 15 Billion Preceding Investment in September Last Year, Cumulative Investment Amount Increases
Used to Strengthen Content Capabilities and Support Overseas Market Expansion

[Asia Economy Reporter Lim Jeong-su] Global investment firm NPX Capital announced on the 11th that it has made an additional investment of 50.4 billion KRW (42 million USD) in digital content developer Kopin Communications through its affiliate private equity firm NPX Private Equity (NPX PE).

Kopin is a digital content development company established in 2017 that produces character designs, emoticons, webtoons, and animations. With its unique five-step production system and a one-source multi-use (OSMU) strategy that expands a single content into various business areas, it is considered one of the fastest-growing comprehensive webtoon studios.

NPX Capital evaluated that Kopin is showing remarkable performance in production capabilities. It is producing more works than the combined output of the top three domestic webtoon production companies through its own production and collaboration channels. In particular, it highly praised Kopin for leading industry innovation by utilizing advanced artificial intelligence (AI) technology to streamline production systems, increase internal resource utilization, and shorten production time.

NPX Capital had previously invested 15 billion KRW in Kopin in September last year. With this latest investment, the cumulative investment in Kopin has increased to 65.4 billion KRW. Kopin plans to use the secured funds to strengthen its digital content development capabilities and target promising global markets such as Europe, Japan, South America, and Southeast Asia. Kopin currently has plans for acquisitions and investments in domestic and overseas drama production companies and game companies.

Yoo Young-hak, CEO of Kopin, stated, "The digital content market is entering a new phase, driven by the advancement of innovative technologies such as virtual reality (VR), augmented reality (AR), and the metaverse. We will strive to provide services that meet changing consumer demands reflecting the times and expand the base of digital content."

Samuel Hwang, CEO of NPX Capital, said, "In the rapidly changing global content market, Korean production companies’ works are gaining attention from audiences worldwide and standing out. We will continue to support domestic content companies like Kopin, which have infinite potential, to lead the global market."