Content creator platform company Sandoll Co., Ltd. announced on the 20th that it was selected for the third consecutive year in the 'FT ranking: Asia-Pacific High-Growth Companies' jointly announced by the British economic newspaper Financial Times (FT) and global research firm Statista.
The Financial Times and Statista have been selecting 500 companies with high sales growth in 13 Asia-Pacific countries since 2018, and this evaluation was conducted on companies with sales of more than $100,000 in 2020 and more than $1 million in 2023. Sandoll has been named for three consecutive years, recording a 38% increase in sales from 2020 to 2023 and a compound annual growth rate (CAGR) of 11%.
The growth of Sandoll's sales was largely driven by the growth of its font platform, Sandoll Cloud, and the globalization of custom font production. Sandoll Cloud is Korea's first font cloud streaming service, and is leading technological innovation by introducing a web browser-based font platform function in 2023. In addition, it is developing an AI-based font search technology to support content creators to efficiently utilize fonts.
In particular, the expansion of the mobile entertainment font market has contributed significantly to growth. Mobile entertainment fonts have spread rapidly in line with the MZ generation's trends, and sales have skyrocketed due to increased use in major social media such as KakaoTalk, Instagram, and TikTok. Sales have increased more than sixfold in two years since they became available for iOS KakaoTalk in July 2022.
In addition, in the custom font production area, the company is strengthening its CJK (Chinese-Japanese-Korean) font production capabilities and is being recognized for its multilingual font production capabilities, which is increasing collaborations with global brands. Sandoll plans to gradually expand its entertainment font business and continuously foster it as a new growth engine through collaborations with major companies.
A Sandoll official said, “We are grateful that we have been selected as an Asia Pacific high-growth company for three consecutive years and that Sandoll’s performance and growth potential have been recognized in the global market,” and added, “We will continue to grow in the domestic and international font and content markets based on our innovative technology and services and establish ourselves as a global leader.”
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