The South Korean club doubles its revenue in 2025 and edges toward break-even. Despite that, half of the investment is already considered lost. A look back at RedForce's accounts.
Team Dynamics became Nongshim RedForce in 2020 after the South Korean food and beverage group acquired 88 % of the team for approximately $6.77M, a price that notably covered the transition to the LCK's franchised (and therefore paid) model.
Five fiscal years later, here's everything you need to know about the accounts of the entity operating the RedForce brand.
Who are we talking about?
Nongshim E-Sports, incorporated on October 6, 2020, and 95 %-owned by Nongshim Co. (a food-industry heavyweight listed on the Seoul stock exchange).
In concrete terms, the company today operates rosters in the LCK, VCT Pacific (via the acquisition of Sin Prisa Gaming), PUBG Mobile, Honor of Kings, and FC Online.
The club also runs a network of 110 PC rooms under the "Red Force PC Arena" brand as of end-2025.
That's where the growth comes from: RedForce has gone from a single-title LCK club to a multi-title structure with two tier-1 global slots (LCK + VCT Pacific). And it's precisely this change of scale that explains what we're about to see in the numbers.
The numbers
The revenue trend over three years tells the story of the pivot:
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