Naver‘s online comics platform Webtoon Entertainment is seeking to raise as much as $315M through an initial public offering in the U.S. The California-based Webtoon begins trading on the Nasdaq Global Selection Market today and is offering 15 million in common stock at a price of $21 a share, with underwriters given the option to buy an additional 2.25 million shares at the … [Read more...] about Webtoon Entertainment To Raise $315M With U.S. IPO
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Naver, Kakao Achieving Big Success in Japan
Image credit: The Korea Times Naver and Kakao are seeing massive success in manga powerhouse Japan, with their online comics generating huge sales there last year. The two companies have reported to receive favorable responses in the Japanese comics market by localizing content using popular intellectual properties (IPs) from Korea. Naver Webtoon said sales in Japan … [Read more...] about Naver, Kakao Achieving Big Success in Japan
Naver’s Premium Content Platform Exceeds 6 Million Users
Launched in February 2022, Naver’s “Naver Premium Contents" has surpassed six million active users as of November 2023. On this online platform, content creators can sell their work to pay subscribers. The format matches that of Naver's Smart Store, which is an online shopping platform for small businesses. Creators can decide the amount of content they want to offer for … [Read more...] about Naver’s Premium Content Platform Exceeds 6 Million Users
Webtoon Sales in Japan Crosses 10 Billion Yen in August
Naver said it sold more than 10 billion yen - about $69.8 million - worth of webtoons and e-books in Japan in August. As the publication Korea JoongAng Daily reported, this makes for a significant development considering that this is the first time that Naver's e-book and webtoon sales have crossed the 10 billion yen mark. The company's surge in revenue is being attributed to … [Read more...] about Webtoon Sales in Japan Crosses 10 Billion Yen in August
South Korea’s Naver Corporation acquires eBook Japan
Naver Corporation, the largest information technology company in Korea announced they have acquired eBook Initiative Japan, GlobalLegalChronicle reported. Naver is expected to pump in USD $144.5 million for the transaction. The deal will let Naver have access to the more than 800,000 e-books that eBook Japan has on offer, most of which happen to be manga titles. eBook Japan … [Read more...] about South Korea’s Naver Corporation acquires eBook Japan