Galaxy Corp. Explores US IPO Amid Skepticism Over AI-Driven Business Model
Galaxy Corp. is assessing a potential US IPO following a visit from Nasdaq's Bob McCooey. The company, known for its K-pop connections, faces skepticism regarding its AI-focused 'enter-tech' strategy, particularly given its reliance on G-Dragon for revenue. While it projects strong growth, the viability of its AI initiatives and virtual artist ambitions remain unproven, raising questions about its ability to diversify its IP portfolio beyond a single star.
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Galaxy Corp. is considering a US IPO after a visit from Nasdaq's Bob McCooey to discuss growth strategies. The company aims to leverage AI and robotics within its 'enter-tech' model, but industry skepticism exists regarding the viability of this approach, especially given its reliance on G-Dragon's revenue from concerts and events.
In 2023, Galaxy recorded 41.6 billion won in revenue, jumping to 126 billion won in the first half of 2025. Despite ambitious AI projects, including virtual idols, the company has yet to demonstrate significant revenue generation. Insiders emphasize the need for a diverse IP portfolio, questioning Galaxy's capacity to execute its strategic ambitions.
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