Webtoon app repeatedly crashing series#
“There weren’t any series coming out, there were no big hits and there weren’t any comics I could read.” And this brainchild of JunKoo Kim introduced Webtoons to the Korean people who were already scrolling through the web pages. Amidst those uncertain days, a comics geek, Junkoo Kim, who grew up reading hundreds of Japanese and Korean comics, thought of ways to get new and original cartoons. It was 2004 when the traditional comics industries were about to crash due to pummeling by the rampant copyright infringements. – Junkoo Kim, CEO, Webtoons ( Src ) Becoming Webtoons The Early Years (Till 2013) Think of founding a company as one of the ways to pursue what you love to do.” “When your hobby becomes your career, you will always stay motivated. The global monthly impressions of Webtoons are 328,000,000 (328 million). Over the past two years, Naver’s Webtoons saw a hike of 71% in its monthly readers ( Src ). Naver’s Webtoons revenue totaled ~60 billion won ( 175% YoY Growth) and hit 60 million monthly visitors last year. Kim brainwashed his mind and ended up establishing an in-house startup, Webtoons. As many comic companies were shutting down the production, Junkoo Kim wanted to help webtoon lovers by getting the comics into their hands for free. Back in the late 90s, the Korean economy was collapsing including the Manhwa (Korean term for animated cartoons) industry. was launched by Junkoo Kim, a self-proclaimed comics geek in 2004. Sales grew fast, and the company hit $502 million in revenue. The app is installed on more than 50 million people’s mobile devices. 1 in not only in Korea but also in Japan. Last year, Naver’s Webtoons app became the No.For 10 years, the publishing portal thrived in Korea, and as of today, more than 41 million comic geeks across the globe visit the website monthly. Webtoons made its international debut in 2014.Webtoons started as a startup in 2004 and outpaced some of its competitors such as Daum, another search portal that has the second-largest share in the Korean market.To give you an overview of their growth rate in the past decade, here are a few statistics: But Webtoons’ unique and interesting growth strategies are the factors that attracted us towards it. So, is this the reason why we chose Webtoons for our next Becoming series ? Well, of course, revenue matters the most. Naver, which is the leading search engine in South Korea, attracts the largest number of comics fans, and Webtoons has been contributing hugely to Naver’s overall revenue since its inception. And when you ask a person about his/her favorite webtoon platform, chances are high that you’ll be introduced to Naver’s Webtoons, a publishing portal for comic lovers. In Korea, 1 in 3 people is reading webtoons on the smartphone every week ( Src ). We bet you haven’t if you are not a comics geek or from Korea. But have you ever come across a publishing platform that primarily posts webtoons and generates substantial revenue from ads? Thanks to webtoons, folks can read comics anywhere on the Internet.
Gone are the days when children and students need to hide their comic books from the parents and teachers in order to enjoy them secretly.
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