SEOUL :South Korean tech giant Naver's webcomics business, called 'Webtoon', will rely on its deep bank of content and creators to fend off new competition from larger Silicon Valley rivals, its CEO said, as it plans a listing next year.Webtoons are digitalised short-form comics optimised for reading on mobil
SEOUL :South Korean tech giant Naver's webcomics business, called"Webtoon", will rely on its deep bank of content and creators to fend off new competition from larger Silicon Valley rivals, its CEO said, as it plans a listing next year.
More recently, Amazon Japan launched a webcomics service called"Amazon Fliptoons" while Apple Books has also started a webtoons platform in Japan, with plans to expand to other countries. Webtoon Entertainment and its subsidiary have run amateur artists' debut programmes for years, generating 1.6 million titles from 900,000 creators as of January.Korean creators who published weekly webtoon episodes across a range of platforms earned on average 118.7 million won in 2022, according to data from state-run Korea Creative Content Agency, up from 81 million won in 2021.
Webtoon Entertainment has global monthly active users of 85.6 million as of Q2 2022 in more than 100 countries - including 12.5 million in the United states - up from 40 million in 2017. About 80 per cent of them are younger than 30.
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