Webtoons are taking over the world. Is the US next? - The Hustle

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While superhero movies own pretty much every American box office record ... Webtoons, a digital comic format that originated in South Korea, ... Home›entertainment›Webtoonsaretakingovertheworld.IstheUSnext? Webtoonsaretakingovertheworld.IstheUSnext? ThedigitalcomicformatmaybeSouthKorea’snextbighitintheUS. Webtoons/YouTube RobLitterst March30,2022 WhilesuperheromoviesownprettymucheveryAmericanboxofficerecord,thecomicbooksthey’rebasedonhavealwaysbeenanicheinterestintheUS. Webtoons,adigitalcomicformatthatoriginatedinSouthKorea,arestartingtomakeasplashoutsideofEastAsia—andabigpushfortheAmericanmarket,pertheFinancialTimes. Webtoons… …aredigitalcomicsmeanttobereadonasmartphoneorcomputer.Thetechnologyoriginatedcirca2003asphysicalcomicsalesdwindledinSouthKorea. Theriseoftheformathashappenedinlockstepwiththecountry’s2leadingplatforms: NaverWebtoon,whichhas750kcreatorsonitsplatformand82mmonthlyactiveusers KakaoWebtoon,whoseJapaneseaffiliate,Piccoma,wasthe2ndhighestgrossingnon-gamingappintheworld,behindTikTok,in2021($96minmonthlyrevenue) BothplatformsallowcreatorstouploadWebtoonsforfree,leadingtoamassiverangeofstoriesandtitles.Thisvariety,alongwiththeabilitytoconsumeWebtoonsquicklyandon-the-go,hasledtotheformat’sgrowingpopularityinSouthKoreaandbeyond. ButwillAmericansbite? CriticswonderifSouthKorea’s“digitalsnackculture”willworkwithAmericanaudienceswhohaveshownmixedfeelingsaboutshort-formcontent. Ononehand,TikTokhas50mdailyactiveusersintheUS. Ontheother,Quibi,theshort-formstreamingplatform,raised$1.75Bonlytoshutdown6monthsafterlaunchwhenitstruggledtohitsubscribertargets. SouthKoreancreators… …havealreadygeneratedmassivehitsintheUSacrossformats: BTS,theK-Popgroup,hashadthebestsellingsongintheUS2yearsinarow Parasite,the2020Oscarwinner,isthe4thhighest-grossingforeignfilminUSboxofficehistory SquidGame,theNetflixhit,wasthe6thtitletoreach3BminutesstreamedinasingleweeksinceNielsenstartedtrackingstreaming Foritspart,NaverWebtoonhas14msubscribersintheUS,makingup17%ofitstotalreadership—anicelittlenichealready. Getthe5-minuteroundupyou’llactuallyreadinyourinbox​ Businessandtechnewsin5minutesorless​ Thankyouforsubscribing. Yoursubmissionfailed.Pleasetryagain! 100%free.Wedon’tspam.Unsubscribewhenever. Brief Lease-to-ownagreementsareblowingup ByMiaSullivan  / July1,2022 InthenextMission:Impossiblemovie,EthanHuntshouldtrybuyingahouse. Homepricesrosefasterthaneverin2021,mortgageratesarethehighestthey’vebeensince2008,… ReadMore Brief Inflationiscomingforyourcookout ByRobLitterst  / July1,2022 Gorgingonburgers,hotdogs,andpotatosaladisastapleofJulyFourth. 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Butrecently,fouremployeestoldThe… ReadMore TRENDINGORIGINALS ‘Juststopbuyinglattes’:Theoriginsofamillennialhousingmyth Canacorporation"own"acolor? WhyasmallcandycompanyisWarrenBuffett’s‘dream’investment AchatwithRayDalio WhyAmericahassofewcarpenters NeverMissWhat’sHappeningInBusinessandTech Thankyouforsubscribing. Yoursubmissionfailed.Pleasetryagain! TrustedBy2M+Readers Vettedbusinessideasyoucanlaunchinaweekend Get1,000+Ideas💰 “Entertaining,informative,keepsyoucomingbackformore...” TheHustleDailyShow ListenonApplePodcast ListenonCastro ListenonSpotify Psst How'dBezosbuildabilliondollarempire? In1994,JeffBezosdiscoveredashockingstat:Internetusagegrew2,300%peryear. Datashowswheremarketsareheaded. Andthat’swhywebuiltTrends—toshowyouup-and-comingmarketopportunitiesabouttoexplode.Interested? 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