Sandoll Chosen as One of 2024 FT Asia-Pacific High-Growth Companies for Two Consecutive Years
April 30 2024 - 12:00PM
Business Wire
Achieves industry leadership through long-standing domestic
and global font business experience and font-related
technology
Focuses on CJK (Chinese, Japanese, Korean) font
production
Global typeface design foundry Sandoll (CEO Young-ho Yun,
KOSDAQ: 419120) has been selected for two consecutive years as one
of the 'Asia-Pacific High-Growth Companies' announced by the UK's
Financial Times (FT).
Since 2018, the Financial Times has announced 500 companies with
high revenue growth rates among companies in 14 countries in the
Asia-Pacific region in collaboration with the global research
specialist Statista. This evaluation targeted companies with
revenues exceeding $100,000 in 2019 and exceeding $1 million in
2022.
Sandoll, founded in 1984, is a font company in South Korea that
has produced 'Noto Sans KR' and 'NotoSerif KR' created jointly by
Google and Adobe. In addition, it has developed Apple SD Sandoll
Gothic Neo' the system font for Apple, and has been responsible for
multilingual font projects for global companies such as Hyundai and
LG, possessing global-level font production and service
capabilities, unique to a domestic company.
Between 2019 and 2022, Sandoll recorded a 155% increase in
revenue and an average annual growth rate of 37%, achieving high
growth for the second consecutive year with strong indicators last
year. This is attributed to Sandoll's achievements in leading the
industry through its long-standing domestic and global font
business experience and related technological developments.
Sandoll has proven its competitiveness and potential in the
expanding global font market by exclusively handling IBM's
multilingual font series, IBM Plex's CJK project.
The IBM Plex project, released by IBM under the Open Font
License (OFL) since 2017, is a dedicated font project. Sandoll is
responsible for producing Chinese, Japanese, and Korean fonts. The
Korean version, 'IBM Plex Sans KR,' was released in 2020, and the
Japanese version, 'IBM Plex Sans JP,' in 2021. The Chinese version,
IBM Plex Sans TC/SC, is scheduled for release this year.
Sandoll plans to expand its global font production business area
and pursue continuous growth. Particularly, it focuses on CJK
(Chinese, Japanese, Korean) font production.
Sandoll's decision to focus on CJK (Chinese, Japanese, Korean)
font production is due to the increasing presence of global
companies in the Asian market, where CJK fonts have become
essential. However, fonts in the classic Chinese cultural sphere,
such as CJK fonts, have far more characters and complex forms than
fonts in other language groups, requiring expertise tailored to
corporate requirements and significant time and effort for
production and maintenance.
To this end, Sandoll has conducted in-depth research tailored to
the characteristics of CJK fonts and corporate requirements. By
combining this with the top-notch hinting technology (hinting:
technology that makes pixels on LCDs (liquid crystal displays)
appear sharp) possessed by Sandoll, it provides fonts suitable for
various user environments.
Sandoll stated, “CJK fonts have far more characters and complex
forms than fonts in other language groups, requiring significant
time and effort for production and maintenance. Therefore, skilled
production experience and capabilities are required.”
They further added, “Based on our production technology,
expertise, and design capabilities, Sandoll has been producing
fonts that reflect the identity and originality of companies and
providing them to customers. Building on these capabilities,
Sandoll will continue to produce and provide customized fonts that
effectively express the identities of classic Chinese-specific
countries and the brand values of individual clients.”
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Sandoll Da Young Kim dayoung@sandoll.co.kr