Reading platform KT Mirae Library announced on the 12th that its second-quarter revenue rose 15.2% to 23.8 billion won compared to the same period last year. Operating profit was 3.4 billion won, a 28.4% decline over the same period. Net income attributable to owners of the parent company was 2.7 billion won, down 30.2% from the same period last year.
First-half revenue totaled 47.8 billion won, up 17.4% compared to the first half of last year. Operating profit was 7.3 billion won, a 13.8% decrease over the same period, while net income attributable to owners of the parent company fell 7.3% to 6.6 billion won.
Mirae Library is expanding its business scope beyond subscription services into IP (intellectual property) ventures. In particular, during the first half of this year, it expanded rights distribution not only by discovering IPs but also by entering overseas markets.
First, "The Last Flower of the Immigrant" secured a Turkish licensing deal. "I Almost Lived Hard" exported its rights to Thailand and Kazakhstan; "Not Dead, Just Paused" to Russia; and "Lost Items Have Returned" to Vietnam.
The original webtoon "Gungno" was released in June on the Japanese webcomic platform "Mecha Comic," where it reached as high as fifth place in the weekly rankings. Mirae Library had previously published Gungno as an original web novel last year and has now produced it as a webtoon for distribution on overseas platforms.
Meanwhile, Mirae Library is also making efforts to enhance its corporate valuation. The director who purchased 10,000 shares of the company's stock in May added another purchase of 5,000 shares just three months later. Jeong Jae-uk (CEO)
in TECH
