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SEOUL South Korea’s Kakao Entertainment Corp said on Tuesday it was acquiring U.S.-based online comic app Tapas and serialized fiction app Radish for $510 million and $440 million, respectively.
The purchase will make Kakao, the online comic, talent agency and movie-making unit of South Korean tech giant Kakao Corp, the latest South Korean entertainment firm to expand in North America as Korean entertainment’s global reach widens.
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“We are planning to engage the North American market in earnest through the intellectual property (IP) business” through the acquisitions, Kakao Entertainment Chief Executive Officer Jinsoo Lee told Reuters.
South Korea s Kakao to buy two U S storytelling apps for $950 million
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