The U.S. headquarters of Naver Webtoon, known as WEBTOON Entertainment, is actively expanding its intellectual property (IP) and diversifying its business models (BM) with the aim of listing on the NASDAQ this year. This strategy has led to Naver Webtoon’s first annual profit since its spin-off from Naver in 2017, as reported last year. Goldman Sachs and Morgan Stanley have … [Read more...] about Naver Webtoon’s Global Expansion
Naver Webtoon
Korean Webtoon Industry Embraces AI Innovation
South Korea strengthens its spot as the world’s webtoon capital as creators are now using artificial intelligence (AI). Korea’s Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency (KOCCA) have revealed the findings of the ‘2023 Webtoon Survey,’ about the industry’s global growth and future. The survey revealed a remarkable 16.8% growth in total … [Read more...] about Korean Webtoon Industry Embraces AI Innovation
Naver Webtoon Shuts Down 150 Illegal Overseas Sites
In July, South Korea’s Naver Webtoon applied in the US court subpoenas under the US Digital Millennium Copyright Act (DMCA) to acquire the personal information of 360+ websites that were unauthorizedly posting webtoons in the US. These illegal websites receive around .5 billion visits per year. “It is estimated that most of the operators of illegal webtoon sites have stopped … [Read more...] about Naver Webtoon Shuts Down 150 Illegal Overseas Sites
Naver Webtoon: France’s #1 Webtoon Platform
Image credit: thelunartreehouse South Korea's Naver Webtoon has become France's No #1 webtoon platform. This week, the platform announced its participation in the Amazing Festival as a leading webtoon platform in France. The Amazing Festival is a cultural festival that took place in Paris from July 13-16. The event showcases famous culture that garners attention from … [Read more...] about Naver Webtoon: France’s #1 Webtoon Platform
Line Digital Frontier acquires eBOOK Initiative Japan
Line Digital Frontier, a Japanese webtoon company announced it has purchased the Japanese electronic book company eBOOK Initiative Japan, the Korean publication Korea JoonAnd Daily reported. Line Digital Frontier happens to be a subsidiary of Naver Webtoon and has its own webtoon app in Japanese named Line Manga. eBOOK Initiative, on the other hand, is an e-book service … [Read more...] about Line Digital Frontier acquires eBOOK Initiative Japan