The prospect of a diplomatic feud between Korea and Japan is looming large as Tokyo began trying to exclude Naver from its joint management with SoftBank of Line mobile messenger app, according to industry and government officials, Sunday.
The prospect of a diplomatic feud between Korea and Japan is looming large as Tokyo began trying to exclude Naver from its joint management with SoftBank of Line mobile messenger app, according to industry and government officials, Sunday.
Naver Webtoon is actively expanding its intellectual property (IP) and diversifying its business models (BM) with the aim of listing on the NASDAQ this year.
Naver Webtoon is preparing for a Nasdaq listing as early as June. While market observers anticipate that the listing could boost investor sentiment in the domestic webtoon industry, some question its effectiveness, suggesting it could harm Naver s already weak share price.
With Amazon-owned popular game livestreaming platform Twitch’s decision to withdraw from the Korean market, the competition to lure the market leader’s popular streamers and millions of users appears to be in full swing among local platform operators AfreecaTV and Naver. Until recently, Twitch occupied more than half the market 52 percent with 2.32 million active users according to the monthly avera.