KT’s Webcomic Unit to Spend 10 bln Won on Content Creation

SEOUL, Oct. 13 (Korea Bizwire) — Storywiz Co., a webcomic unit of South Korean telecom giant KT Corp., said Tuesday it will spend 10 billion won (US$8.7 million) on content creation, heating up competition in the growing local web fiction market. Storywiz, established in February this year after KT spun off its web fiction business, [...]