Kakao to close European webtoon platform after failing to read the market

Kakao's webtoon platform subsidiary in Europe, Piccoma, will close after failing to localize its content and collaborate with regional publishers.

2024-06-02

Kakao Piccoma to pull webtoon business in Europe

The webtoon platform subsidiary of Kakao is shutting down its operation in Paris after failing to secure a foothold in the European market.

2024-05-13

Kakao forms IP subcommittee for webtoon, entertainment units

Kakao formed a new content-related intellectual property (IP) subcommittee for its affiliates in the webtoon and entertainment businesses to bolster its presence in the global market.

2024-04-02

Kakao's webtoon service dominates Japanese market as it hits $676M in sales

Kakao Piccoma, Kakao’s Japanese webtoon subsidiary, hit a record-high annual transaction volume of 100 billion yen ($675.7 million) in 2023, strengthening its position as the most dominant webtoon platform in Japan

2024-01-22

Piccoma No. 1 grossing app in Japan in September

Piccoma, Kakao's global webtoon service, was the No. 1 grossing app in Japan in September on both Google and Apple’s app stores, according to market tracker data.ai on Friday. This is the fourth time for the Kakao app to top the two Japanese ...

2022-11-04

Kakao to spend 10 billion won funding authors and artists

Kakao Entertainment will spend 10 billion won ($7.5 million) over the next five years funding webtoonists and other creators, no strings attached. The project will be carried out by the Kakao Creative Foundation, a subsidiary established last ...

2022-08-25

Kakao Piccoma delays plans to go public on Tokyo Exchange to next year

Kakao Piccoma, Kakao’s Japanese webtoon subsidiary, will push back its plan to go public on the Tokyo Exchange to sometime next year, according to a Bloomberg report Tuesday. According to the report, Kakao Piccoma initially planned to ...

2022-08-23

korea joongAng daily