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Concurrent deal closings by Kakao, Naver: Just coincidence?

Concurrent deal closings by Kakao, Naver: Mere coincidence? Rivalry evolves into global expansion, new businesses Jun-ho Cha 8 HOURS AGO Kakao Japan runs Piccoma, a leading webtoon platform Early this month, when Anchor Equity Partners was in intense negotiations with Kakao Corp. over the terms of its 600 billion won ($530 million) investment in the South Korean mobile giant s Japan unit, the private equity firm was suddenly given short notice: Anyhow, get ready soon. We need to get the deal done by May 20. At the time, Anchor Equity had expected to reach an agreement on the investment around the end of May at the earliest. But it had to hurry to meet the new deadline.

South Korean tech firms shake up Japan s storied manga industry

Mar 4, 2021 Two South Korean technology companies are borrowing from mobile gaming to shake up and dominate Japan’s storied manga industry, a plot twist that has expanded the comics’ fanbase to a new generation of readers. Backed by tech giants Kakao Corp. and Naver Corp., Piccoma and Line Manga have become Japan’s highest-grossing mobile apps outside of games. Such online manga platforms have seen a surge in popularity during the COVID-19 pandemic. Piccoma’s third-quarter transaction volumes more than tripled year on year to ¥11.6 billion ($110 million), extending a wave of online manga sales that has already seen digital surpass print in Japan’s $5 billion manga industry.

South Korean tech firms shake up Japan s storied manga industry

South Korean tech firms shake up Japan s storied manga industry
japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.

S Korean tech firms shake up Japan s storied manga industry

S Korean tech firms shake up Japan s storied manga industry
japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.

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