May.12.2021: Kakao Entertainment snaps up two U.S. startups

K-News Bulletin

English - May 12, 2021 00:00 - 4 minutes - 2.89 MB
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Kakao Entertainment will acquire two U.S.-based start-ups that run platforms for webtoons and web novels to expand in English-speaking markets.

The companies being bought are Tapas Media, a webtoon service based in San Francisco, and Radish Media, which runs a web novel service headquartered in New York. Both have larger user bases in the U.S. and provide platforms for amateur creators to profit from their work.

Full Article: https://koreajoongangdaily.joins.com/2021/05/11/business/industry/webtoon-novel-kakao/20210511170500441.html