Entertainment
Video Game Decacorn Startup Krafton to Raise $5 Billion in IPO
The South Korean mobile video game publisher Krafton Inc. applied for a preliminary initial public offering (IPO) approval to the...
SK Telecom Strengthens Its Metaverse Services with ViveStudios
SK Telecom Co. announced that it had formed a strategic partnership with ViveStudios, a South Korean virtual reality (VR) content production company....
SK Telecom Exhibits Korean Games at E3 2021 Game Fair
SK Telecom Co. announced that it would participate for the first time in E3 2021, the world’s largest game fair....
Naver Joins OTT Media Sector Through CJ ENM Stake Purchase
South Korea’s largest web browser operator, Naver Corp., announced that it would be strengthening its foothold in the fast-growing over-the-top (OTT)...
CJ ENM Allocates $4.4 Bln to Boost Content Creation for Global Expansion
CJ ENM, a South Korean media company, announced that it plans to enhance original content production and substantially boost over-the-top...
Naver, CJ ENM Secures Korea’s Third-largest Web Novel Platform Munpia
Naver Corp., an industry-leading South Korean search engine operator, announced that it partnered with CJ Group’s CJ ENM to secure Munpia Inc. The...
Kakao Enters OTT Sector with 25 Bln Won Acquisition of Streaming Firm INISOFT
Kakao Corp., South Korea’s largest messaging service operator, revealed that it would enter the over-the-top (OTT) streaming sector. Investment banking...
Kakao Japan Secures 600 Bln Won, Boosts Webtoon Biz Ahead 2022 IPO
Kakao Corp.’s Japanese affiliate, Kakao Japan, shared that it would secure 600 billion won ($532 million) in funding to boost its business...
Kakao Entertainment Finalizes Aquisition oF Radish Fiction, Tapas Media
Kakao Entertainment Corp., Kakao’s mass media and publishing unit, finalizes its acquisition of two US-based online comic and storytelling platforms....
KT, Shinsegae’s Mindmark to Strengthen Original Content Competitiveness
KT Corp.’s media production unit KT Studio Genie announced that it teamed up with Shinsegae’s Mindmark to produce original content. In...
Naver to Focus On Growth for Future Naver Webtoon US IPO Listing
Naver Corp., South Korea’s leading search engine operator, announced that it has plans to list Naver Webtoon in the US....
Kakao Japan Launches Studio 1Pic to Cultivate Korean Webtoons
Kakao Corp.’s Japanese affiliate Kakao Japan announced that it had launched Studio 1Pic, its first subsidiary in South Korea. Recently, Kakao has...
Kakao Entertainment Looks into US IPO, Aims for $18 Billion Valuation
Kakao Entertainment Corp., a South Korean content provider, announced that it is looking into a US initial public offering (IPO)....
LG to Release 2021 Soundbar Lineup Featuring AI and Premium Audio
LG Electronics Inc. announced that it would be starting the 2021 LG Soundbar lineup’s rollout, offering new models with improved audio...
Kakao Expands Content Library With Radish Web Novel Acquisition
Kakao Corp. is currently in the middle of acquiring Radish Fiction, a US-based mobile app that offers diverse serialized fiction. Established in...
KT Continues to Accelerate Its ‘Digico’ Transformation
During a regular shareholders’ meeting, KT Corporation announced it would increase its efforts to shift from a telco (telecommunications company) into a...
Wavve Boosts Its K-content Portfolio Amid Heightening Competition
Content Wavve Corp., a major South Korean streaming platform operator, announced it would invest 998 billion won ($882 million) for...
Kakao Entertainment and SK Broadband To Deliver Diverse Content Selection
Kakao Entertainment and SK Broadband Inc. announced that they would collaborate to provide diverse, original content for the BTV platform. BTV is a...
KT Studio Genie Boosts Media Content, Releasing 100 Shows by 2023
KT Corp., a leading South Korean telecommunications company, announced it would tap into content creation through the KT Studio Genie....
Kakao Entertainment’s K-pop music Returns to Spotify’s Streaming Service
Kakao Entertainment and Spotify have finally reached an official agreement and settled their licensing issue, making Kakao Entertainment’s music content available again on...