Content technology company Mopac Studio (CEO Jang Seong-ho, hereinafter "Mopac") announced on the 13th that it has secured approximately 6 billion won in investment from venture capital firm Altos Ventures. Altos Ventures participated solely in this investment.
Mopac is a company building a virtual production environment leveraging AI and Unreal Engine across the entire content creation process, based on VFX (visual special effects) and real-time production technology. Founder and CEO Jang Seong-ho is a first-generation VFX expert who has worked on visual effects for major Korean films such as "Haeundae," "Roaring Currents," and "Sweet Home." He demonstrated global box office success with the North American release of the feature-length animated film "King of Kings" in April of this year.
<The King of Kings> is an animated film based on the life of Jesus. It ranked second at the box office, grossing over $10 million (approximately 10 billion won) in its first week of release in North America, and has accumulated approximately $19.1 million (approximately 27.2 billion won) since its release. The film earned the highest grade of 'A+' from CinemaScore, a North American audience evaluation index, and has proven both its artistic quality and box office power in the local market, with additional screenings taking place at venues such as the Kennedy Center in Washington D.C.
In particular, rather than focusing on securing high-priced IP, Mopac approached the market by reinterpreting classic IP whose copyrights had expired, creating content with global appeal. Furthermore, the company's key competitive edge lies in its integration of Unreal Engine technology, a foundational technology in the Korean gaming industry, into film production, and the introduction of AI-based virtual sets and automated editing systems, ensuring both efficiency and quality in the production process.
Altos Ventures, which led this investment, stated, “Mopac is a company with the core elements necessary for content production, such as technological capabilities, global market verification, and its own IP strategy,” and added, “We decided to invest because we highly value its potential for expansion in the global content market.”
CEO Jang Seong-ho said, “With this investment, we will begin full-scale production of our next feature-length animation and accelerate the advancement of AI and virtual production-based technologies.” He added, “We will expand our global distribution network, focusing on the North American market, and grow into a technology-based content company.”
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