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Naver to acquire web novel platform Wattpad for $593 mn - Vimarsana News

Naver to acquire web novel platform Wattpad for $593 mn

Graphics by Jerry Lee South Korea’s portal giant Naver Corp. will acquire Wattpad, the world's largest web novel platform based in Toronto, for 653.2 billion won ($593 million) in a move to beef up storytelling content for its entertainment operations. The deal is seen as part of Naver's strategy to secure a leading position in the global content market. Naver announced on Jan. 20 that it has decided to acquire a 100% stake in Wattpad, which will mark the company's largest-ever investment in an external company. The deal is expected to position the Korean internet giant as a frontrunn...

Shares of K-content providers rise as OTTs bask in dramatized webtoons - Vimarsana News

Shares of K-content providers rise as OTTs bask in dramatized webtoons

Netflix original series Kingdom was a global hit, driving K-zombie hype across the US and Europe. Korean content providers' shares are emerging as some of the

Netflix sweeps S.Korean content market - Vimarsana News

Netflix sweeps S.Korean content market

Netflix original drama Kingdom was a global hit, driving K-zombie hype across the US and Europe. Global streaming giant Netflix Inc. has become a leading platform in South Korea, boasting around 4.1 million paid subscribers and earning over 500 billion won ($453 million) in 2020, up 108% from the previous year, as the company is marking all-time highs for both its number of subscribers and subscription fees. On Jan. 19, app and retail data provider Wiseapp reported that Korea residents spent 517.3 billion won on Netflix last year, with the December amount reachin...

Internet portal Naver in negotiations to buy Korea's Jeju Bank - Vimarsana News

Internet portal Naver in negotiations to buy Korea's Jeju Bank

Naver Corp., South Korea’s top online portal, is interested in buying Jeju Bank, named for and based on the country's largest island, to secure a bankin

Hyundai Steel receives $1.9 bn in orders for green bond issues - Vimarsana News

Hyundai Steel receives $1.9 bn in orders for green bond issues

South Korea-based Hyundai Steel Co. received around 2 trillion won ($1.9 billion) worth of orders in Monday's bookbuilding for its green bond issue, the compa