Archive update · September 23, 2026: this story preserves the announcement and plans reported at publication. The park’s full opening took place on August 21. For the subsequent New York appearance and listing plans, see the September follow-up. Plans described here should not be read as completed launches.

Galaxy Corporation closed a ₩100 billion pre-IPO round on December 9, 2025 at a ₩1 trillion valuation, up from ₩500 billion in 2023, taking cumulative funding to about ₩180 billion. The round was all common stock rather than redeemable convertible preferred; the report does not disclose the full shareholder agreement.

Investors included Korea Investment & Securities as co-bookrunner, Shinhan Venture Investment and Nvestor, alongside Taiwan-listed ADATA and Hong Kong-listed Starplus Legend Holdings.

The numbers behind the valuation

For the fiscal year ended December 31, 2025, Galaxy reported revenue of ₩298.9 billion, up 619% year on year, and an operating profit of ₩12.5 billion — its first.

The concentration is stark: roughly 75-80% of FY2025 revenue, or ₩224.2-239.1 billion, traces to G-Dragon, who signed in 2023. Every other line — the robot park, MACH33, the wider artist roster — is a diversification argument against that single dependency.

Listing venue is still open

At an April 8, 2026 press conference, CEO Choi Yong-ho said the company was keeping KOSPI, KOSDAQ, Nasdaq and NYSE all under consideration, adding that "listing is one step, not the ultimate goal." Nasdaq vice chairman of global capital markets Bob McCooey and NYSE vice chairman Michael Harris both visited the company's headquarters in March 2026. No venue has been decided; reports naming one are ahead of the record.

Also announced that day: AI glasses under the brand White Hole, robots, and virtual idols as business lines.

Key Facts

  • Pre-IPO round closed December 9, 2025: ₩100bn at a ₩1tn valuation, up from ₩500bn in 2023; cumulative funding about ₩180bn
  • All common stock, not RCPS, according to the company announcement
  • Investors: Korea Investment & Securities (co-bookrunner), Shinhan Venture Investment, Nvestor, ADATA (Taiwan-listed), Starplus Legend Holdings (HK-listed)
  • FY2025 (year ended Dec 31, 2025): revenue ₩298.9bn, +619% year on year; operating profit ₩12.5bn — the first
  • Roughly 75-80% of FY2025 revenue (₩224.2-239.1bn) traces to G-Dragon, who signed in 2023
  • Listing venue undecided as of April 2026 — KOSPI, KOSDAQ, Nasdaq and NYSE all under review

Why it matters

Galaxy’s group earnings should not be read as robot-business earnings. The cited results do not isolate robot-park revenue or profit, so the contribution of entertainment robotics cannot be calculated from them.

The concentration number is the one to watch. A company earning three-quarters of its revenue from a single artist has an obvious structural reason to build something that is not an artist. Whether robot performances, a fashion brand and overseas venues get anywhere near ₩224 billion is the actual question behind the ₩1 trillion mark.

Frequently asked questions

What is the valuation?

₩1 trillion, from a ₩100bn all-common-stock pre-IPO round closed in December 2025.

What are the financials?

FY2025 revenue ₩298.9bn, up 619%, with a first operating profit of ₩12.5bn.

Is a Nasdaq listing confirmed?

No. As of April 2026 KOSPI, KOSDAQ, Nasdaq and NYSE were all still under review.

Sources & Further Reading