# Ilhwan Yoon

> Ilhwan Yoon, also listed professionally as Kay Ilhwan Yoon, is the Seoul-based co-founder and co-CEO of Bagelcode. A KAIST computer-science graduate and former Sindoh Group managing director, he helped establish the company in 2012 and develop its overseas mobile-games and publishing business. His public interviews describe early failed products, international partnerships and a long-term ambition to turn the team’s experience into further entrepreneurial ventures.

- **Role:** Co-founder and Co-CEO at Bagelcode
- **Organizations:** Bagelcode, Sindoh Group
- **Education:** B.S. in Computer Science, Korea Advanced Institute of Science and Technology (KAIST)
- **Known for:** Co-founded Bagelcode in 2012 and helped build its overseas mobile-games business., Helped lead Bagelcode into self-publishing with Club Vegas in 2017., Co-led Bagelcode when it acquired JPJ Group’s social business in 2018.

## Career timeline

- **Before 2012** — Worked as a managing director at Sindoh Group.
- **2012** — Co-founded Bagelcode with four colleagues.
- **2013** — Bagelcode joined Nexon’s NPC incubator; its early game Battle Pang Pang struggled commercially.
- **2017** — Bagelcode self-published Club Vegas and established a US office.
- **2018** — Bagelcode acquired JPJ Group’s social business for £18.1 million.
- **2022** — Bagelcode became profitable and received the $50 million Export Tower and Service Tower awards.
- **2025** — Bagelcode and SayGames launched Blood Invasion as their first joint project.
- **2026** — A January company account presented Yoon’s focus on more experiments, quicker validation and expansion into casual-game publishing.

## Achievements

- Co-founded Bagelcode in 2012 and helped build its overseas mobile-games business.
- Helped lead Bagelcode into self-publishing with Club Vegas in 2017.
- Co-led Bagelcode when it acquired JPJ Group’s social business in 2018.
- Bagelcode received the $50 million Export Tower and Service Tower awards in 2022.

## Latest updates

- **2026-03** — Bagelcode’s March 31 financial announcement names Junyoung Kim and Ilhwan Yoon as representative directors.
- **2026-01** — Bagelcode published its year-end-event recap featuring Yoon and outlining faster validation of experiments and expansion into casual-game publishing.
- **2025-07** — Bagelcode and SayGames announced Blood Invasion, their first joint project.

## Links

- Website: https://www.bagelcode.com/en/

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Profile page: https://yespress.io/ilhwan-yoon
Published by YesPress — https://yespress.io
Last updated: 2026-10-21