Stoic Entertainment

What Stoic Entertainment does

Stoic Entertainment (스토익엔터테인먼트) is a Seoul-based VR/XR content developer founded in 2014, building immersive gaming and metaverse experiences for global distribution. Its portfolio spans approximately 12 VR games and 4 AR content products, with flagship titles including World War Toons: Tank Arena VR (the first Korean-developed game on the Meta Quest Store, launched December 2022), Spectral Scream (a cross-platform PC/VR horror party game ranked #1 most anticipated on Steam and nominated for Best VR Game at the Unity Awards 2024), and the upcoming Tank Arena: Ultimate League targeting Meta Quest 3 and Apple Vision Pro. The company's underlying technology is built around proprietary VR capabilities covered by 35+ global patents (including 9 US patents), addressing VR motion sickness reduction, telepresence, video replay, and 360-degree advertising data analysis, alongside licensed IP such as World War Toons (from US-based Rascali LLC) and MiniForce (from SamG Entertainment).

The business operates a diversified revenue model combining B2C game sales on global VR platforms (Meta Quest Store, Steam VR, App Lab), B2B custom VR content development, IP licensing royalties, and metaverse content services on Naver Zepeto (K-Wonderland, Planet Hyundai for Hyundai). Customer segments span VR gaming consumers (primary), VR theme parks (KOVEE in Indonesia), enterprise metaverse clients (Hyundai, LGUplus), and education (Gongteo English). The company has raised approximately $7.4M total across seed, pre-Series A (~$2.5M, December 2021), and Series A (~$4.8M, December 2022) rounds, with strategic investors including Hanwha Investment & Securities, KB Investment, Hana Securities, Line Studios, and Rascali LLC. Co-CEOs Kim Hong-seok and Choi Yoon-hwa lead an 11-50 employee organization targeting 90%+ overseas revenue.

Name

Stoic Entertainment

Legal name

(주)스토익엔터테인먼트

Website

https://stoicent.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Stoic Entertainment is a Seoul-based VR/XR game developer (founded 2014) building immersive gaming and metaverse content for global distribution via Meta Quest Store, Steam, and Naver Zepeto, serving both consumer gamers and enterprise clients across automotive, telecom, and education sectors.

Ownership category

akta.pro rank

Product category

VR/XR Game Development

NAICS

Software Publishers (5132), Amusement Parks and Arcades (7131)

SIC

Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

VR/AR/XR Game Studios (MPAFAAAE)

akta.pro secondary industries

Metaverse & Social Virtual Worlds (BPAMAKAF), VR/AR Gaming Platforms (BPAMAKAG)

Keywords

• VR game development
• XR content creation
• Metaverse experiences
• AR educational content
• VR software publishing

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. B2C Game Sales: Direct sales of VR/AR/XR games to consumers through platforms like Meta Quest Store, Steam VR, and App Lab
2. B2B VR Content Development: Custom VR content development for B2B clients including VR theme parks, telecom companies, and educational institutions
3. IP Licensing: Licensing of proprietary IP (World War Toons, MiniForce) to international partners for VR game development
4. Metaverse Platform Content: Content development and services for metaverse platforms such as Naver Zepeto

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Stoic Entertainment develops and publishes VR, AR, and XR games and metaverse experiences. The company sells games directly to consumers through global VR storefronts (Meta Quest Store, Steam VR) and provides custom XR content development services to enterprise clients such as VR theme parks, telecom operators, and metaverse platforms (Naver Zepeto). It also licenses proprietary IP including World War Toons and MiniForce for VR game development.

Product overview

Stoic Entertainment is a VR/XR content developer established in 2014, offering approximately 12 VR games and 4 AR contents alongside metaverse experiences through ZEPETO platform. Core products include World War Toons: Tank Arena VR (Meta Quest Store), Spectral Scream (PC·VR horror party game), Tank Arena: Ultimate League (PvP team battle sports for XR devices), and various IP-based VR titles (MiniForce, ZombieBusters, Cooking Adventure). The portfolio spans VR gaming, metaverse content, and XR educational experiences distributed through Meta Quest Store, Steam VR, and ZEPETO platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• World War Toons: Tank Arena VR A 4v4 multiplayer tank FPS VR game featuring WWII cartoon-style tanks (Sherman, Tiger) with unique tank abilities and multiple game modes including deathmatch and conquest. Sold to VR gaming consumers on Meta Quest Store and Steam VR.
• Tank Arena: Ultimate League A casual tank action FPS PvP team battle sports game designed for Quest 3 and Vision Pro XR devices. An evolved version of World War Toons: Tank Arena VR.
• Spectral Scream A PC/VR cross-platform cooperative horror party game for 1-4 players. Players act as guardians of Purgatory collecting scattered cores to restore stability, with randomized ghosts and themed maps.
• Apes Warfare A turn-based strategy game co-developed with US-based Giga Quests and a Call of Duty veteran developer, in development for Steam and mobile platforms.
• K-Wonderland K-culture themed metaverse content launched on the Naver ZEPETO platform.
• Planet Hyundai Hyundai-branded metaverse space and content on the Naver ZEPETO platform.
• MiniForce Safety Education VR VR safety education content featuring MiniForce IP characters, teaching fire and earthquake preparedness. Distributed through LGUplus U+VR platform.
• ZombieBusters VR A VR zombie shooting game previously operated in urban VR theme parks (B2B) and later released on Steam VR (B2C). Exported to Indonesia's KOVEE VR theme park.
• Cooking Adventure VR A VR cooking game based on My Little Chef IP, where players cook alongside Chef Nora, learning recipes and creating dishes.
• Gravity Racing VR A VR gravity-based racing game.
• Snow Bike VR A VR snow biking experience exported to Indonesia's KOVEE VR theme park.
• Air Surfer A VR flying/surfing game that won the 2018 Best XR Award at Unite Seoul.
• Larva Racing A racing game featuring Larva cartoon characters.
• Baby Whale Balena VR A VR experience game.
• XR-Water Bike A VR water bike experience exported to Indonesia's KOVEE VR theme park.
• My Secret Recipe VR A VR cooking/recipe game.

Quantifiable outcome

• First Korean VR game developer to launch on Meta Quest Store
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Survios: Los Angeles-based VR studio behind Creed, Onward, and The Walking Dead: Saints & Sinners. Comparable as a multi-platform VR game developer with a portfolio spanning action, sports, and horror genres.
• Beat Games: Czech VR studio that developed Beat Saber, now owned by Meta. Direct comparable as a VR-first studio with a flagship hit on Meta Quest Store; illustrates both the upside of Quest-native VR hits and the platform concentration risk.
• Resolution Games: Stockholm-based VR game studio behind Demeo, Angry Birds VR, and Cook-Out. Closely comparable as a multi-title VR game developer with cross-platform Meta Quest and Steam VR distribution.
• Schell Games: Pittsburgh-based VR/AR game and experiences studio (I Expect You To Die, Until You Fall). Comparable as a multi-genre VR developer with B2B location-based entertainment work alongside consumer titles.
• Fast Travel Games: Stockholm-based VR-first publisher and developer (Wraith: The Oblivion - Afterlife, Cities VR). Comparable as a VR-native multi-title studio with primary Meta Quest and PSVR distribution.
• Skonec Entertainment: Korean VR/4D entertainment content developer with VR theme park and arcade exposure. Closest Korean-headquartered peer given overlapping B2B VR location-based entertainment motion and consumer VR publishing.
• Vertigo Games: Dutch VR game publisher and developer (Arizona Sunshine, After the Fall). Comparable as both a VR developer and publisher, with strong Meta Quest Store presence analogous to Stoic's World War Toons launch.

Broad incumbents

• KRAFTON: Major Korean game publisher (PUBG, inZOI) with a much broader game portfolio. Relevant incumbent comparable given Korean HQ, global publishing muscle, and growing interest in XR experiences.
• Naver Z (Zepeto): Operator of the Zepeto metaverse platform, for which Stoic develops core content (K-Wonderland, Planet Hyundai). Comparable as a broader metaverse/UGC platform that distributes Stoic's metaverse content at scale.
• Com2uS: Established Korean mobile and PC game publisher with expanding XR/blockchain game investments. Broad incumbent comparable given Korean HQ, public-company scale, and cross-platform game publishing infrastructure relevant to Stoic's Apes Warfare mobile/Steam strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCx13yEejC5Lr7ouaFiW0xvw
• Facebookfacebook.com/stoicent

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stoic Entertainment