Soosung Webtoon said on Feb. 4 that reports about a sale of management control at Toomics Holdings, where it is the largest shareholder, are groundless.
Soosung Webtoon said, "Toomics Holdings has not pursued a sale of management control at the company level, and it has not selected any institution, including Deloitte Anjin, as a sell-side advisor," and added, "Major shareholders of Toomics Holdings likewise have neither decided to sell management control nor engaged in related discussions."
Toomics Holdings is currently pursuing the attraction of new investors rather than a sale of management control. At the group level, it is reviewing a fundraising of about 60 billion to 70 billion won. Through this, it is improving its financial structure by adjusting acquisition financing and other borrowing structures and easing the interest burden.
Soosung Webtoon also clarified that media reports saying it was valued at 70 billion won are inaccurate. The company said, "Toomics Holdings has not independently assessed its corporate value at 70 billion won," adding, "Discussions about selling management control based on that premise do not exist."
Toomics Holdings holds acquisition-financing liabilities due to its special purpose company (SPC) structure, but it said this has no direct connection to the operating or financial conditions of Soosung Webtoon and Toomics.
Soosung Webtoon said, "Toomics Holdings' liabilities have a structural characteristic in that they are not directly reflected in the performance of subsidiaries," and added, "The webtoon business centered on Toomics and Toomics Global is operating normally, and as of 2025, provisional consolidated sales also remain at a top-tier level in the industry."