Mofac Studio, an AI-based content production company led by CEO Jang Seong-ho, announced on the 13th that it has secured an investment of approximately KRW 6 billion from Altos Ventures. Altos Ventures participated as the sole investor in this round.
Jang, the founder and CEO of Mofac Studio, is a first-generation Korean expert in special visual effects (VFX). He has been responsible for computer graphics (CG) in numerous well-known works such as 'Haeundae,' 'The Admiral: Roaring Currents,' and 'Sweet Home.'
Mofac Studio has integrated the Unreal Engine, developed in the Korean gaming industry, into the film production pipeline to establish a production environment capable of real-time simulation and review. This approach has reduced production costs and time while enhancing quality. According to Altos Ventures, this innovation is considered unprecedented, even among major Hollywood studios. Additionally, the company has introduced AI-based virtual set filming and editing techniques, reducing traditional production timelines by up to 30%, thereby expanding the use of AI across the entire content production process.
In April of this year, the studio released 'King of Kings,' a feature-length animation depicting the life of Jesus, in North America, which had been in planning and production for over a decade.
CEO Jang stated, "With this investment, we plan to expand the planning and production of our next feature-length animation," adding, "We will strengthen research and development based on AI and virtual production and accelerate the expansion of our global distribution network, focusing on North America."
Heo Jin-seok
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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