Wrtn (K: 011110) Targets U.S. Expansion and IPO as Early as 2028

Wrtn, a South Korean AI entertainment startup, projects annual revenue exceeding $100 million in 2026 after launching its narrative-driven AI storytelling service in South Korea and Japan, with plans to enter the U.S. by June 2026 and an IPO as early as 2028. The company recorded $70 million in 2025, with average user engagement of about two hours daily and paying-user retention above 70%. It raised cumulative funding of about 130 billion won, including a March 2025 Series B of 108 billion won, and plans another round in 2026. Management targets $700 million annual revenue by 2027, with an IPO tentatively scheduled for 2028 in South Korea or the U.S.