[Market Focus] Topcomedia Surges on Expectations of Government Support for Webtoon Industry

Topcomedia is showing strong performance. This is interpreted as growing expectations for the webtoon industry, following the government's announcement of its plan to foster webtoons as a next-generation strategic industry.

As of 10:51 a.m. on June 10, Topcomedia was trading at 2,025 won, up 170 won (9.16%) from the previous trading day.

According to the Ministry of Culture, Sports and Tourism, the government and related agencies have set a goal to expand the domestic webtoon industry to 4 trillion won and exports to 3.4 trillion won by 2027, and are expanding various support policies. This is about double the size of last year's webtoon market, which stood at 2.198 trillion won.

Production support based on artificial intelligence (AI) will also be expanded. Utilizing AI technology enables a more efficient creative environment. On May 22, the government decided to provide a supplementary budget totaling 16.5 billion won to companies and creators producing content such as webtoons using AI technology. The government also plans to revise regulations within the year to ensure the continued growth of the AI content industry.

Meanwhile, Topcomedia completed its merger with the webtoon platform 'Toptoon' in April. Through this merger, the company has integrated its distribution network, which was previously focused on Japan, to now include not only Korea but also Taiwan, North America, and other global platforms. As a result, the company is expected to benefit from the government's policy to expand webtoon exports. Topcomedia plans to strengthen its competitiveness in the global market and continue to provide high-quality webtoon content.