EVR STUDIO

About EVR STUDIO

EVR STUDIO is a South Korean digital content development company established in 2016 to create high-end virtual reality games. The company was co-founded by Dong-Jun Min, who serves as the Director of their flagship project, and Jay Hwan Kim, the current CEO. Dong-Jun Min brings 24 years of development experience to the studio. The founding team consists of experts from various fields including game development, Hollywood VFX, and filmmaking.

The company's core business revolves around creating hyper-realistic digital humans and expansive virtual worlds. This technology serves as the foundation for their ventures into five distinct business areas: AAA game development, digital human creation, metaverse platforms, XR content, and VFX for film. Revenue is generated through the development and sale of these digital products and services. For instance, they partner with entertainment agencies, like Gold Medalist, to create and manage digital versions of celebrities, such as actor Kim Soo-hyun, for use in advertising, metaverse applications, and other media.

EVR STUDIO's most prominent product is the upcoming action-adventure game, "MUDANG: Two Hearts" (formerly known as Project TH), which is slated for a 2026 release on PC, PlayStation 5, and Xbox Series. This game is based on the popular Korean webtoon 'Shaman' and aims to immerse players in a story rich with Korean culture. To achieve a high level of realism, the game utilizes advanced techniques like motion matching for natural character animation and features a digital human based on actor Lee Hong-nae as its protagonist. Another key initiative is "Project EDEN," an AI digital human platform that connects their ultra-realistic digital humans with conversational AI like ChatGPT. This platform will allow users to interact with digital versions of K-Pop and K-Drama artists.

Since its inception, EVR STUDIO has secured significant investment from notable venture capital firms including Altos Ventures, Kakao Ventures, and BTC Investment, with total funding reaching approximately $22 million by May 2021. The company is also backed by its parent company, Barunson E&A, the production company behind the Oscar-winning film 'Parasite'.