Restructuring Keywords by Financial Scale
Choi Yong-ho, CEO of Galaxy Corporation, officially declared the achievement of a unicorn valuation of 1 trillion won on the ComeUp 2025 stage. Having recorded 127 billion won in sales and 13 billion won in net profit in the first half of t...
Choi Yong-ho, CEO of Galaxy Corporation, officially declared the achievement of a unicorn valuation of 1 trillion won on the ComeUp 2025 stage. Having recorded 127 billion won in sales and 13 billion won in net profit in the first half of this year, standing at the pinnacle of success, he was an icon of failure just six years ago, having gone bankrupt with 10 billion won in company debt and billions of won in personal joint guarantees. His first challenge, which began as a Hallyu magazine in France in 2011, ended in frustration in 2018.
However, he was not broken. In 2019, he founded Galaxy Corporation with a capital of 1 million won, dreaming of a comeback. With the innovative idea of 'IP ownership without upfront payment,' he sparked a sub-character craze like 'Mommy Son,' which opened new horizons in the entertainment industry. Through stages combining deceased celebrities and AI, and producing over 400 entertainment shows annually, he created global hits like 'Physical: 100,' proving the power of Korean content.
At the end of 2023, he surprised everyone once again by joining hands with G-Dragon to establish the JUSPEACE Foundation. Participating together in CES 2024 and with G-Dragon's appointment as a visiting professor at KAIST, they brought the concept of 'Entertech' to reality. G-Dragon's album, marking his comeback after 88 months, surpassed 1 million sales in just one week, and his music video utilizing AI technology achieved high-quality content at one-fiftieth of the original production cost. The 'Pink Persona' in the music video acted as an actual highball advertisement model, driving sales of 10 million cans and building a worldview possible even without the artist. Starting with advertisements at the Las Vegas Sphere, they are planning concerts until 2027, leading the convergence of technology and entertainment.
Galaxy Corporation grew based on trust with investors, attracting all 31 rounds of investment as common shares without repayment conditions. Having overcome 14 years of deficits and recorded its first surplus in the first half of this year, he expressed his ambition: "I've become a unicorn, but I will go back to being a startup and challenge the impossible." CEO Choi Yong-ho, who started a 1 million won company with childhood friends and grew it into a 1 trillion won enterprise in just six years, stepped down from the stage, now dreaming of an Entertech era that encompasses real, virtual, and even robot idols. To start anew.
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