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Korean Webtoon Companies Struggle with Domestic and Overseas Challenges
Summary by businesskorea.co.kr
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Korean Webtoon Companies Struggle with Domestic and Overseas Challenges
NHN’s domestic webtoon platform Comico will end its service in October this year. (Photo courtesy of NHN) Korean webtoon companies are facing a dilemma. As the growth of the domestic market continues to slow down, they are withdrawing from overseas markets due to continued losses Kakao Entertainment’s webtoon platform Podo Comics, operated in China in collaboration with Tencent, will terminate its service on July 1. The company entered the Chine…
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