Webtoon Company Copin Secures 5.51% Stake in Didim... Name Change at General Meeting on 21st

[Asia Economy Reporter Jang Hyowon] Copin Communications, which changed its name to Terafin in July, announced on the 2nd that it secured convertible bonds worth 4 billion KRW and holds a 5.51% stake in Didim.

Didim plans to add business purposes related to digital media content such as comics, novel animations, and broadcast dramas, and to change its company name through an extraordinary general meeting of shareholders on the 21st.

Terafin is a specialized company in webtoon, web novel, and web-based digital content production. Since its establishment in 2019, it has successfully raised over 100 billion KRW through Series C investments. Its parent company is Terafin Studio, whose largest shareholder is the global investment firm NPX Capital, and recently acquired the global webtoon platform Toomics for 202 billion KRW.

Didim, which operates dining franchise businesses such as Yeonan Sikdang, Mapo Galmaegi, and Whale Gamjatang, as well as directly managed dining stores like Baekjewon and Tokyo Hana, invested 15 billion KRW in convertible bonds of Toomics Holdings, a 100% subsidiary of Terafin Studio, using funds secured through a 16.7 billion KRW CB issuance in June.