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Naver vs Kakao: Intense rivalry to extend beyond Asia

South Koreas two online giants Naver Corp. and Kakao Corp. have completed their respective acquisitions of storytelling platforms in the US and Canada, heralding head-to-head competition in the worlds largest media and entertainment market.  Naver has closed its 684.8 billion won ($612 million) purchase of a 100% stake in Wattpad, the worlds largest web novel platform based in Toronto, it said in a regulatory filing on May 10. It slightly revised up the price of its largest-ever cross-border a...
United States South Korea Seungyoon Lee Kim Joon Ku Radish Fiction Inc Naver Corp

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