The MIGHTY THOR And 'The WHITEY WHO'...?

Picked up these two little 3-and-a-half inch (approximately) figures in a charity shop yesterday for 50p each.  The one on the left is Thor (obviously), but I don't know who the one on the right is supposed to be or whether he's even a Marvel character.  An out-of-proportion Frost Giant perhaps?  If anyone knows anything about them (manufacturer or home-made, etc.), feel free to enlighten me.

Posted in: Cartoons