Webtoon Platform Toomics Affiliate 'Therapine' Acquires 7.35% Stake in Didim E&F

[Asia Economy Reporter Jang Hyowon] Terafin Studio, the largest shareholder of the webtoon platform Toomics, announced on the 28th that it secured a 7.35% stake in Didim E&F through its subsidiary.

According to the disclosure on the day, Terafin Co., Ltd. acquired a 7.35% stake, totaling 3,652,968 shares, through a third-party allotment paid-in capital increase of Didim E&F. In this regard, Terafin fully paid 4 billion KRW for the capital increase yesterday. In November, Didim held an extraordinary general meeting of shareholders to add webtoons, animation, and broadcasting to its business purposes and changed its name from Didim to Didim E&F.

Terafin is a subsidiary of Terafin Studio. Terafin Studio holds 96.14% of Terafin’s shares and also owns 100% of Toomics Holdings, known as one of the top five webtoon platforms in Korea. Didim E&F invested 15 billion KRW in Toomics Holdings through convertible bonds in June this year.

Established in 2019, Terafin operates businesses in animated films, videos, and webtoons and has successfully attracted investments exceeding 100 billion KRW to date. Its parent company, Terafin Studio, was valued at a pre-money valuation of 310 billion KRW last October and owns Toomics, one of Korea’s webtoon platforms, as a subsidiary. Toomics is the second-largest adult webtoon platform in Korea, recording sales of 60.3 billion KRW and operating profit of 6.8 billion KRW last year.

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