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Naver Webtoon Successfully Listed on US Stock Market, Environmental Improvement Necessary for Sustainable Growth

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Naver Webtoon Successfully Listed on US Stock Market, Environmental Improvement Necessary for Sustainable Growth
Type Company News Genre Comics/Webtoons

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Naver Webtoon successfully listed on the New York Stock Exchange, with its stock price surging 14% on the first trading day, closing 9.5% above the IPO price at $23. With 170 million monthly active users, webtoons have become a key cultural content from Korea.
Webtoons first appeared online in 1998 and gained popularity in the 2000s with Naver and Daum's services, further boosted by smartphone adoption.
Improving the revenue distribution and working conditions for webtoon creators is essential. Collaboration between the government and companies is needed to protect creators' rights, address AI technology expansion, and tackle corporate monopolies.