IGAworks said on the 30th that it carried out a spin-off separating its advertising agency business from its data technology business and completed a structural shift into an AI data tech corporations.
The spin-off is a strategic decision to separate the data platform and the advertising agency business to clarify the corporations' intrinsic value. IGAworks plans to use this to shift to an open data platform not subordinated to specific interests and to build an AI-based data ecosystem.
During the restructuring, the company exited low-margin, high-risk businesses and shifted to a revenue-centered model. It ended its media rep business, reduced low-profit operations, and improved its financial structure.
On a consolidation basis for 2025, revenue was 74.1 billion won, down 38.9% from a year earlier, but this was due to scaling back low-margin businesses. Most of the overall revenue loss stemmed from winding down those businesses, and the margin decline during the same period was limited to about 7.6%, confirming an improvement in the revenue structure.
After the spin-off, the surviving entity posted operating profits for three consecutive years, securing a stable revenue structure. It recorded about 5.9 billion won in operating profit in 2023, about 4.7 billion won in 2024, and about 1.3 billion won in 2025, with a recovery to about 3.7 billion won expected in 2026.
It also established a high-efficiency operating system by introducing artificial intelligence (AI) agents, cutting labor costs by about 20% from a year earlier and lowering the break-even point (BEP).
IGAworks plans to use this restructuring as an opportunity to redefine itself as an AI corporations centered on a data platform and to push for a revaluation of its corporate value as a technology-based growth corporations. The split date is May 1, and the company will actively pursue an initial public offering (IPO), including the AI listing track, thereafter.
Ma Guk-seong, CEO of IGAworks, said, "This restructuring is a choice to build a business structure suited for the AI era rather than to expand sales scale," adding, "We are ready to be evaluated for our fundamental value as a data tech corporations."