SEOUL, Jun. 26 (Korea Bizwire) – As Naver Webtoon prepares for its Nasdaq listing, the company has set its initial public offering (IPO) price, catapulting its valuation to around 3.7 trillion won. This development marks a significant milestone for the digital comics industry, challenging the long-held notion that “webtoons can’t make money.” Webtoon Entertainment, the North [...]
SEOUL, Feb. 26 (Korea Bizwire) – This year marks the 10th anniversary of webtoons making significant strides in the global market. Naver Webtoon began offering English services in 2014, introducing the digital comic format to international readers more accustomed to traditional print comics and translating a variety of Korean webtoons for a broader audience. Beyond merely [...]
SEOUL, May 18 (Korea Bizwire) — A number of new artificial intelligence (AI) services that enable readers to better enjoy webtoons are being released. Naver Webtoon, South Korea’s leading webtoon platform, recently launched a beta service called Toon Filter on its app. It transforms uploaded photos into artworks created by popular web comic artists. The [...]
SEONGNAM, April 25 (Korea Bizwire) — Naver Webtoon, South Korea’s leading webtoon platform, will expand its profit sharing model to bring in more creators to its service and diversify sources of income in the global market, its chief executive said Tuesday. The webtoon arm of portal operator Naver said its “page profit share” (PPS) program [...]
SEOUL, March 1 (Korea Bizwire) — Naver Webtoon, an online platform for digital comics run by South Korea’s leading portal operator Naver, on Tuesday unveiled new technology that converts photos and videos into webtoon-style images on a real-time basis. During developer conference DEVIEW 2023 held at COEX in Seoul on the same day, Naver developers [...]
SEOUL, Dec. 6 (Korea Bizwire) — Naver Webtoon, an online platform for digital comics run by South Korea’s leading portal operator Naver, said Monday it has developed new technology that can recognize the image-based lines of webtoons and turn them into text to enable visually-handicapped people to enjoy comics The company announced that it had [...]
SEOUL, July 24 (Korea Bizwire) — “Lore Olympus,” a romance webcomic published by the South Korean platform for digital comics Naver Webtoon, has been awarded the Best Webcomic prize at this year’s Will Eisner Comic Industry Awards, the award’s website showed Sunday. The webcomic series, created by New Zealand artist Rachel Smythe and published by [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s leading media and entertainment company CJ ENM said Thursday it will set up a drama studio in Japan through a joint venture with its drama production company Studio Dragon and Line Digital Frontier, a Japanese unit of Naver Webtoon. The three parties will jointly invest 30 billion [...]
SEOUL, Aug. 18 (Korea Bizwire) — The webcomic arm of South Korea’s top portal operator, Naver Corp., said Wednesday it will expand cooperation with the agency of K-pop sensation BTS and other companies to create new original content. Webtoon Entertainment said it will create various locally made webcomics and other kinds of intellectual property (IP) [...]
SEOUL, June 14 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Sunday that its webcomic business topped the sales charts and garnered the most number of users in the Southeast Asian market including Indonesia, Thailand, and Taiwan. Naver Webtoon, more commonly known as Line Webtoon in the United States, explained that [...]