Web-based novels ride tide of popularity as sources for webtoon, drama adaptations
Web-based novels ride tide of popularity as sources for webtoon, drama adaptations
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Web-based novels ride tide of popularity as sources for webtoon, drama adaptations
South Korea’s platform giant Naver Corp. has joined forces with CJ Group to acquire the country's leading web novel platform Munpia Inc. in a deal value
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...
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