Wattpad Archives | Be Korea-savvy

Naver’s 2 Storytelling Companies to Merge

SEOUL, June 24 (Korea Bizwire) — South Korea’s internet conglomerate Naver Corp. said Thursday that two storytelling companies under its wing will merge to strengthen their global competitiveness in digital content. Wattpad Corp., a global multiplatform entertainment company for stories, and Webtoon, the world’s largest digital comics platform, will merge their studio divisions to create [...]

Naver to Acquire Storytelling Platform for 653.3 bln Won

SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s internet conglomerate Naver Corp. said Wednesday that it will acquire Canadian entertainment platform operator Wattpad Corp. in a stock transaction valued at 653.3 billion won (US$593.6 million). The Toronto-based storytelling platform provides stories through its flagship app. It is a community of more than 90 million people [...]