V A Corporation 100 Billion Won Series A Investment Agreement

CEO Kim Dong-eon: "We Will Lead the Metaverse Industry with Differentiated Technology and Infrastructure"

VA Corporation announced on the 14th that it has signed a Series A investment agreement worth 100 billion KRW with the private equity firm Paratus Investment. Kim Dong-eon, CEO of VA Corporation, stated, "We will expand both the quantitative and qualitative growth of metaverse content," adding, "We will lead the metaverse industry with differentiated virtual production technology and infrastructure."

The background of this agreement involved Lee Sang-rok, former chairman of Carver Korea. Foreseeing global trends and the growth potential of the metaverse, he led the establishment and expansion of VA Corporation last year through the holding company Standers.

VA Corporation has already been recognized for both its content production competitiveness and growth potential, leveraging its vast infrastructure and technological capabilities. It has established a 'Creative Alliance' that provides a one-stop service from content planning to distribution, including the VFX-specialized company Mofac, entertainment companies, drama and film production and investment distribution companies, and advertising production and branding firms. It also operates a virtual studio with the largest LED wall in Asia.

A representative of VA Corporation explained, "We have established a full value chain for metaverse content production through virtual production technology utilizing VFX and an original content intellectual property (IP) library." They added, "We plan to further strengthen our capabilities as a metaverse-specialized company by expanding a 115,000㎡ virtual studio in the metropolitan area, nurturing metaverse expert talent, advancing technology, and developing new businesses simultaneously."

This content was produced with the assistance of AI translation services.