Weversmind Revenue Tops 150 Billion Won in 2024

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By Kim Tae-ho
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null - Seoul Economic Daily Finance News from South Korea

Weversmind posted consolidated revenue of 158.3 billion won ($110 million) and operating profit of 30.8 billion won last year, the company said Monday.

The figures represent a 25% increase in revenue and a 68% rise in operating profit compared with 2024 results. They also mark the highest performance since the company's founding in 2009. Net profit reached 20 billion won, up 93.7% year-on-year.

Weversmind generated 78.3 billion won in revenue from its main business, the foreign language learning brand "Noesaegim." Noesaegim sales grew 10.7% year-on-year. The brand targeted demand across various age groups through package products including a dedicated learning tablet, the paper-based learning program "The Week," and the AI learning service "Talk Is," driving both re-enrollment rates among existing customers and new customer acquisition.

Affiliates also showed broad-based growth. AI education company Weversbrain posted revenue of 41.5 billion won, up 23.5%. Building on "Speakingmax," an English learning service with 1.23 million cumulative learners, the AI learning service "Max AI" has grown, accelerating the company's transition into an AI solutions provider. Weversbrain is preparing for market expansion by advancing its in-house developed multilingual speech AI engine.

Mobility and healthcare affiliate W Care recorded revenue of 37 billion won, up 54.4%. Its electric bicycle brand "Viaggio," launched in 2022, has surpassed 50,000 cumulative units sold and has expanded its product lineup into electric scooters. The company is also gradually broadening its business scope, launching the health functional food brand "Nordkin" in 2025.

"On the back of solid growth in our core business, AI technology and new business areas grew in a balanced manner, enabling us to achieve the highest performance since our founding," Weversmind CEO Jung Sung-eun said.

Original reporting by Kim Tae-ho for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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