Com2uS invests ￦350 billion in media, gaming companies

Game publisher Com2uS said Monday it has invested a total of 350 billion won ($295 million) in media and gaming companies this year.

Game publisher Com2uS said Monday it has invested a total of 350 billion won ($295 million) in media and gaming companies this year.

According to Com2uS, those investments are now valued at 800 billion won.

Breaking down the investments by company, Com2uS invested 45 billion won to acquire 13.7 percent of Wysiwyg Studios in March. It invested another 160.7 billion won in August to acquire a total 38.11 stake in the company. Wysiwyg Studio is a visual effects company specializing in metaverse-related content.

The total 205.7-billion-won investment made this year is now valued at 362.9 billion won, based on the studio's market capitalization on Oct. 15.

Com2uS in February poured 27.8 billion won into game maker Devsisters — the company behind mobile game Cookie Run: Kingdom — to become the second-largest shareholder with a total 14.88 percent stake. This year’s 27.8-billion-won investment is now valued at 84.1 billion won as of Monday. Combined with past investments, its total stake in the company is valued over 227 billion won.

Another 50 billion won was invested into K bank in May, acquiring a 2.1 percent stake. The online bank has grown rapidly, with the game maker’s stake now valued at 130 billion won.

Com2uS also invested a total of 70 billion won in game developers Allm and Grampus, webtoon and webnovel production studios M Story Hub and Jungle Studio and video production company Whynot Media and Mediacan. Jungle Studio is 56 percent owned by Com2uS.

Com2uS didn't disclose the current value of those investments because the companies are not listed.

In Monday's statement, Com2uS said it plans to focus additional investments on the metaverse field.

BY LEE TAE-HEE [lee.taehee2@joongang.co.kr]