[ Press release]Sandoll select UK FT 2023 Asia-Pacific High Growth Company

16 Mar 2023
  • Sandoll participated for the first time this year, ranking with a sales growth rate of 98.4% and an annual growth rate of 25.6% during the standard period
  • Achievements achieved by leading the industry through long-standing font production and related technology development
  • Business expansion as a comprehensive creator platform, web font service promotion, etc. continue to pursue growth strategies



 


March 16, 2023 (Thursday)


Sandoll Inc., a creator content platform company (CEO Yun Young-ho), received recognition for its high growth potential and potential overseas.


Sandoll announced on the 16th that it was select in the top 500 of the FT 2023 Asia Pacific High Growth Companies (FT High Growth Companies Asia-Pacific 2023) selected by the UK economic journal Financial Times (FT) and global research specialist Statista.


The Financial Times has been selecting and announcing 500 companies with high sales growth rates among companies in 14 Asia-Pacific countries since 2018 with global research specialist Statista. This evaluation was conducted for companies with sales of more than $100,000 in 2018 and more than $1 million in 2021.


Sandoll participated for the first time this year and ranked with a sales growth rate of 98.4% and an annual growth rate of 25.6% during the standard period. Sandoll is showing continuous growth as the font usability expands with the growth of the content market such as webtoons and YouTube.


In 2022, based on the consolidated basis, the annual performance sales recorded 18.3 billion won and operating profit 8 billion won, increasing sales by 52.6% compared to the previous year and operating profit by 68.2%. This is the result of Sandoll leading the industry by producing fonts with long-standing experience and developing related technologies.


Sandoll plans to expand its business area and pursue continuous growth. At the end of last year, it developed and unveiled a web font technology that can freely express fonts in web and mobile environments.


This technology is attracting attention as the need for fonts that can express various personalities as well as fonts with high readability is highlighted as AI chatbots are spreading across the industry. It also acquired image generation artificial intelligence (AI) technology for business expansion as a comprehensive creator platform. In addition, it plans to speed up its global expansion through differentiated strategies using web font technology, artificial intelligence, etc.

     

A Sandoll official said, “This selection is very meaningful as Sandoll’s growth potential is recognized globally.” He added, “We will continue to achieve greater growth in line with the changes in the industry and strive to become a comprehensive creator content platform that produces results not only in Korea but also in overseas markets.”