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Netmarble s BTS Universe Story, a storytelling game published in September 2020. South Korean game developer Netmarble Corp. decided to buy the world’s N
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
South Korea s 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 world s largest media and entertainment market.
Naver has closed its 684.8 billion won ($612 million) purchase of a 100% stake in Wattpad, the world s 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 acquisition.
On Tuesday, Kakao Entertainment Co., majority-owned by the mobile messaging app operator Kakao Corp., said that its board of directors has approved its acquisitions of both US-based mobile fiction startup Radish Fiction Inc. and the third-largest US digital comics platform Tapas Media Inc.