Education content platform corporations Digital Daesung will strengthen control by increasing its equity in subsidiary Igam.
Digital Daesung said on the 29th it will acquire 800,000 shares (9.9%) of Igam for 8.8744 billion won. Through this transaction, Digital Daesung's equity stake in Igam will expand from 84.05% to 93.95%.
Igam is an education content company founded in 2012. With more than 900 academies nationwide adopting Igam Korean, it has secured competitiveness in the high school Korean mock exam market.
Igam was valued at about 10 billion won at the time of its acquisition in Dec. 2017, but after becoming a subsidiary of Digital Daesung, it was valued at about 90 billion won as of Mar. 2024 thanks to improved business stability and stronger brand competitiveness. In 2025, it posted revenue of 22.8 billion won, operating profit of 5.9 billion won, and net income of 6.2 billion won, with net worth of about 37.4 billion won.
Digital Daesung plans to improve Igam's decision-making and operational efficiency, boost execution, and accelerate mid- to long-term growth strategies and synergy creation. In particular, it will focus on securing future growth engines such as AI services and content.
Digital Daesung CEO Kim Hee-seon said, "Igam is a key subsidiary with unrivaled brand competitiveness and strong cash generation," adding, "This equity increase reflects our confidence in Igam's future growth and our intention to strengthen accountable management, and we plan to further expand competitiveness in the content market going forward."
Digital Daesung is also expected to pursue new investments using the proceeds from the sale of its Vietnam joint venture along with the expansion of its equity in Igam. On the 18th, it sold its entire 50% equity in the joint venture with Vietnam Ecopark, securing 27.5 billion won in cash.