Korea Stock Market Insights

Tag: Toomics

  • Soosung Webtoon Turns Profit with Webtoon Business, But Going Concern Uncertainty Remains… Investment Strategy Analysis

    1. What Happened at Soosung Webtoon?

    Soosung Webtoon recorded remarkable growth in the first half of 2025 through its webtoon platform ‘Toomics’. Achieving KRW 62.8 billion in revenue, it showed a phenomenal growth rate of 131% year-on-year, and operating profit also turned positive, reaching KRW 6 billion.

    2. The Secret to Profitability? The Power of Webtoons!

    The key to this success is the webtoon business. Toomics contributed 57.54% of total revenue, driving the growth. The high growth of the domestic and international webtoon markets, overseas expansion, and OSMU strategy have had a positive impact.

    3. Nevertheless… Going Concern Uncertainty

    However, the future is not all rosy. Large-scale fundraising for the webtoon business expansion has increased the debt ratio, and net losses are still continuing. In particular, the ‘going concern uncertainty’ mentioned in the audit report is causing significant concern for investors.

    4. Action Plan for Investors

    • Monitor Webtoon Business Profitability: Keep an eye on Toomics platform competitiveness, new IP development, and the success of the OSMU strategy.
    • Check Financial Soundness: Review debt management plans, asset efficiency improvements, and other efforts to strengthen the financial structure.
    • Consider Macroeconomic Variables: Analyze the impact of fluctuations in interest rates, exchange rates, oil prices, and other macroeconomic indicators.

    Soosung Webtoon shows high growth potential in the webtoon market, but securing financial stability is the top priority. Before making investment decisions, it’s crucial to carefully examine the risk factors and improvement plans.

    What was Soosung Webtoon’s revenue in the first half of 2025?

    KRW 62.8 billion, a 131% increase year-on-year.

    What are Soosung Webtoon’s main business segments?

    Webtoons, logistics, and semiconductors.

    What is the biggest risk factor when investing in Soosung Webtoon?

    Going concern uncertainty and high debt ratio.

  • Soosung Webtoon Turns Profitable in Q2 2025: Is This Sustainable Growth?

    1. Soosung Webtoon’s Q2 Results: Achieving Profitability

    Soosung Webtoon reported revenue of 32 billion KRW, operating profit of 3.1 billion KRW, and net profit of 100 million KRW in Q2 2025, marking a successful return to profitability. Revenue increased by 3.6% and operating profit by 6.9% compared to the previous quarter. The return to net profit is particularly encouraging, raising expectations for improved financial health.

    2. Drivers of Profitability: Steady Growth of the Webtoon Business

    The primary driver of this turnaround is the steady growth of the webtoon business. Since acquiring Toomics, Soosung Webtoon has experienced growth through increasing platform revenue and its IP utilization strategy. Currently, four webtoons are in development for drama adaptations, and further revenue generation through the OSMU strategy is anticipated.

    3. Investment Considerations: Financial Risks and Increased Competition

    Despite the positive results, investors should remain cautious of financial risks such as high debt-to-equity ratio and liquidity issues. The intensifying competition in both domestic and international webtoon markets could also hinder Soosung Webtoon’s growth.

    4. Investment Strategy: Cautious Optimism, Monitor Financial Improvements

    Soosung Webtoon holds growth potential within the expanding webtoon market, but the company faces the challenge of securing financial stability. Investors should monitor future financial statements for signs of debt reduction and capital reinforcement. It is also crucial to observe the company’s strategies for strengthening IP competitiveness and improving profitability amidst intensifying competition.

    What were Soosung Webtoon’s Q2 2025 results?

    Soosung Webtoon reported revenue of 32 billion KRW, operating profit of 3.1 billion KRW, and net profit of 100 million KRW in Q2 2025.

    What is Soosung Webtoon’s main business?

    Soosung Webtoon’s primary business is operating a webtoon platform and producing webtoon IPs.

    What should investors consider when evaluating Soosung Webtoon?

    Investors should be mindful of financial risks like high debt-to-equity ratio and liquidity issues, as well as the intensifying competition in the webtoon market.