Olim Planet Eyes KOSDAQ Listing with XR Tech

Olimplanet, an innovative extended reality (XR) technology company, has officially initiated its entry into the capital market by submitting its preliminary review application for KOSDAQ listing. It has selected Daishin Securities as its lead underwriter and chosen the technology-specialized listing method, a strategy to have its technological prowess valued as the highest priority. For 9 years since its founding in 2015, Olimplanet has established itself as a leader in the XR industry, demonstrating robust growth. It has achieved cumulative investment of 26.2 billion won and cumulative sales of 60 billion won, reaching an impressive average annual growth rate of 47%. This strong performance led to the remarkable achievement of being selected as an Asia Pacific high-growth company for two consecutive years in 2022 and 2023. Olimplanet's differentiated core competitiveness lies in its '3D Data Packaging and Web Streaming Technology', which it successfully developed and commercialized for the first time in the domestic XR industry. This innovative technology obtained New Excellent Technology (NET) certification from the Ministry of Trade, Industry and Energy's Korean Agency for Technology and Standards last year and is solidifying its exclusive position by holding 8 related patents. Based on this unique technological prowess, the company has been developing its business around three main pillars: the B2B total XR solution 'ELYPECS', the cloud-based XR content software 'XROO', and the XR fandom platform 'XROMEDA', thus building key infrastructure for the widespread dissemination of XR content. Kwon Jae-hyun, CEO of Olimplanet, emphasized that for the popularization of XR content, "an environment where anyone can easily enjoy it without separate software installation or high-performance, expensive devices" is essential, and stressed that the company possesses the core technology to meet these contemporary demands. Furthermore, he highlighted the establishment of a 'solution-software-platform' "all-in-one ecosystem," unique in Korea, as a strength. He presented a grand vision to become a leading player driving global XR market growth by fostering an XR ecosystem that encompasses businesses, public institutions, and general users.