SEOUL, Jul. 25 (Korea Bizwire) – South Korean tech giant Naver is gaining increased attention from global investment banks, with its webtoon platform and robotics ventures leading the charge. According to industry sources on July 24, Goldman Sachs and Evercore ISI, two prominent investment banks, have set ambitious target prices for Webtoon Entertainment, the parent company [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a remarkable shift from the traditional image of struggling comic artists, webtoon creators in South Korea are now emerging as some of the highest-paid professionals in the creative industry. Some star webtoon artists are even purchasing buildings in Seoul’s affluent Gangnam district and driving sports cars, signaling a dramatic [...]
SEOUL, Jun. 27 (Korea Bizwire) — Online comics company Webtoon Entertainment Inc., owned by South Korea’s top internet platform, Naver, has set a price of US$21 per share, the top of its pricing range, for its plan to list itself on the U.S. stock market, as it seeks to become a “Disney in Asia.” In [...]
SEOUL, Apr. 11 (Korea Bizwire) – Writers serializing their works on Naver Webtoon will now be able to take two breaks per year without any concerns, as the platform has recently revised its serialization rules. According to webtoon industry insiders on April 10, Naver Webtoon has formalized a new policy allowing creators to take a break [...]
SEOUL, Mar. 1 (Korea Bizwire) – Thailand is turning its attention to the burgeoning world of webtoons, a digital comic format that has gained significant traction globally. In an initiative led by the Thai government, the Department of Intellectual Property, in collaboration with Kakao Entertainment Thailand and KP Comics Studio, has launched the “T-Toon Project.” This [...]
SEOUL, Feb. 13 (Korea Bizwire) – Korean webtoons, also known as K-Comics, are making significant inroads in Southeast Asia, particularly in Thailand, where they are rapidly gaining popularity among local readers. A recent report from the Korea Creative Content Agency reveals that nearly half of all comics read in Thailand are Korean, boasting an average usage [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s webtoon industry experienced its fifth consecutive year of sales growth in 2022, but creators faced a decline in their incomes due to increased competition, a government report showed Thursday. According to an annual report from the Ministry of Culture, Sports and Tourism, the industry logged 1.829 trillion [...]
SEOUL, Dec. 2 (Korea Bizwire) —In a world where cultural boundaries are becoming increasingly blurred, Korean webtoons are making waves across the globe, captivating readers from the United States, Japan, Europe, and beyond. The once surprising trend of Korean webtoons being serialized on foreign platforms is now commonplace, with instances of “reverse imports” bringing American [...]
SEOUL, Nov. 13 (Korea Bizwire) – Religion and webtoons form an unusual pairing. Traditionally, religion is associated with solemnity and reverence, while webtoons are known for their light and humorous nature. However, in recent times, an increasing number of webtoons have ventured beyond merely borrowing the concepts of religious values, delving directly into religious doctrines, gods, [...]
SEOUL, Nov. 8 (Korea Bizwire) – Dramas based on popular webtoons have taken center stage in the South Korean TV drama market. In a country where novelty is key, these adaptations draw viewers with their fresh settings, imaginative characters, and recognizable titles. One of the most buzzed-about webtoon-based dramas in the latter half of this year [...]