News about Keyeast Co., Ltd.

Dear TWSSG Team and BTF,

How are you ? I hope everybody is fine. Has Roytavan come home yet?? Oh, she must be having a great time in South Korea!

Remember...the last time there was news about BOF International Inc. that went into Japanese market ? Let's refresh our memory...I got this from sis Marikoo's post in Soompi [thanks Marikoo !] : BOF International Inc., a subsidiary of Keyeast Co., Ltd.. commenced several projects including the TaeWangSaShinGi (＾Legend￣) Premium Event, the production of the Winter Sonata animation, and the production and sales of many types of works. Through these projects and other business activities, BOF International Inc. has attracted much attention by surpassing expectations in the entertainment industry where it is generally difficult and rare to be profitable within the first year of establishment.

Well, today sis Liezle has posted the latest news about Keyeast in Soompi Forum and I'm reposting it here. I hope you enjoy it, because it is good news [ I know we were all worried ...the economy crisis is effecting every body, right? ]. Thank you so much Liezle. More power to you Yong Joon !. Love, myoce


[KEYEAST] Keyeast makes profit in 3rd quarter
2008.10.29

The Asian media and content company Keyeast Co., Ltd. (www.keyeast.co.kr) has officially announced that it has earned its first quarterly profits since its establishment. Its third quarter sales figure was 912,000,000 Korean Won and the net income totaled 601,000,000 Korean Won, which represents an 88.3% increase in net income as compared with the corresponding July to September period of last year.

One of the main factors behind Keyeast Co., Ltd.'s profitable quarter is the equity method accounting of the business profits of Keyeast Co., Ltd.¡¯s subsidiary, BOF International Inc. Keyeast Co., Ltd. holds 62% of the shares of BOF International Inc.

A member of Keyeast Co., Ltd. stated that "the purpose of establishing a subsidiary in Japan was to set up a profitable bridgehead in a foreign market and that this objective has been achieved." He also stated that "BOF International Inc. and Keyeast Co., Ltd. significantly contributed to the Asian wave." In addition, he said that "during this current global financial crisis, the sales of Keyeast Co., Ltd. have been positively affected by the gains on foreign exchange obtained through BOF International Inc. and that these gains will likely continue for the time being."

[KEYEAST]