Kakao to merge US webtoon, web novel platforms - KED Global

and Radish Fiction Inc., its webtoon and mobile novel platforms in North America, to maximize the global growth engine based on their content. Skiptocontent KOSPI 2300.34 -5.08-0.22% KOSDAQ 722.73 -6.75-0.93% KOSPI200 304.01 -0.01-0.00% USD/KRW 1297.00 +1.50+0.12% JPY100/KRW 954.76 -2.21-0.23% EUR/KRW 1353.16 -0.77-0.06% CNH/KRW 193.66 -0.08-0.04% STOP PLAY ViewMarketSnapshot Tapas　Media SouthKorea’sKakaoEntertainmentCo.issettomergeTapasMediaInc.andRadishFictionInc.,itswebtoonandmobilenovelplatformsinNorthAmerica,tomaximizetheglobalgrowthenginebasedontheircontent.TheUSunits’boardsofdirectorsdecidedonthemergerwithRadishacquiringTapasatamergerratioof1to18,accordingtoKakaoEntertainmentonThursday.“ThemergerbetweenTapasandRadishwillbeaturningpointthatisexpectedtoleadtotheevolutionoftheNorthAmericanstorytellingindustrybeyondacombinationofplatforms,”saidKakaoEntertainmentCEOLeeJin-soo.“WewillspurgrowthtoachievegoalstotrebleglobaltransactionswithinthreeyearsandraiseNorthAmericantransactionsto500billionwon($393million).”TOCREATESYNERGYTheentertainmentunitofSouthKorea’smobileservicegiantKakaoCorp.boughtTapasandRadishinMaylastyeartoexpanditscontentbusinessinNorthAmerica,theworld’stopentertainmentmarketthathasastronginfluenceintheglobalcontentindustry. Tapas,foundedin2012inSanFrancisco,isthefirstwebtoonplatforminNorthAmericaandtheNo.3USdigitalcomicsprovider,whileRadish,amobileEnglish-languagefictionplatformestablishedin2016inNewYork,hasbeenrapidlygrowingwithitsgroupcreationsystem.KakaoEntertainmentaimstocreatesynergyinNorthAmericabycombiningtheirstorytellingcapabilities.Themergedentity,whichTapasFounderandCEOChangKimwilllead,issettocontroltheworld’stopAsianfantasywebnovelplatformWuxiaworldacquiredlastyeartomaximizethesynergy.However,theUS-basedplatformwillbeindependentlyoperated.WritetoSeung-WooLeeatleeswoo@hankyung.comJongwooCheoneditedthisarticle. #Kakao #Tapas #Radish #webtoon #webnovel #NorthAmerica #USA #M&A MoretoRead Carbonneutrality SKE&StolaunchLondonofficeinviewofgrowthopportunitiesinEurope 13HOURSAGO 2 Minread Automobiles Hyundai'sIONIQ6winsaccoladesforstreamlineddesign 14HOURSAGO 1 Minread Batteries LGEnergysurrendersNo.2EVbatterypositiontoBYD 15HOURSAGO 1 Minread ESG LSCabletostepupESGeffortsbyrecyclingwoodencabledrums 15HOURSAGO 1 Minread Construction HanmiGlobalwins$34millionSaudiDiriyahcomplexproject 17HOURSAGO 1 Minread 0/300 CookiesonKEDGlobal Weusecookiestoprovidethebestuserexperience.Bycontinuingtobrowsethiswebsite,youwillbeconsideredtoacceptcookies.Pleasereviewour PrivacyPolicy tolearnourcookiepolicy. 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