[Featured Stock] Suseong Webtoon Soars on Expectations of Surpassing 100 Billion KRW in Sales

Suseong Webtoon’s stock price is rising as it secures additional shares in Toomics. Expectations for growth are increasing as it strengthens control over a promising subsidiary expected to achieve annual sales of 60 billion KRW.

At 10:30 AM on the 17th, Suseong Webtoon was trading at 679 KRW, up 17.07% from the previous day.

Suseong Webtoon announced that it expanded its stake in Toomics to 70.02% the day before, reinforcing its management control. Toomics’ sales and operating profit will be reflected in Suseong Webtoon’s consolidated financial results.

Toomics, which has 60 million global members in 11 languages including English, Chinese, and Spanish, expects annual sales of over 60 billion KRW this year. Last year, it recorded sales of 57.4 billion KRW and an operating profit of 10.3 billion KRW. When linking last year’s results of Suseong Webtoon and Toomics, adding Suseong Webtoon’s sales of 41.3 billion KRW, the combined sales of the two companies amount to approximately 98.7 billion KRW. Last year’s operating loss turns into a profit of about 6 billion KRW.

Toomics explained that the demand for K-webtoons and digital content is increasing, supported by Naver Webtoon’s Nasdaq listing and Han Kang’s Nobel Prize in Literature. If the current trend continues, annual sales of over 60 billion KRW are expected this year.

Suseong Webtoon plans to maintain its logistics equipment business rooted in offline forklift operations while actively fostering K-webtoons, which are gaining global demand and attention.