After U.S. IPO, Naver's Webtoon to spend more on creators and AI

Online comics appeal to TikTok-loving Gen-Z Americans, CFO says

20240628N Webtoon IPO

Webtoon Entertainment went public in New York on July 27. (Line Digital Frontier)

NAMI MATSUURA and ANNU NISHIOKA, Nikkei staff writers

SEOUL/TOKYO -- Webtoon Entertainment, South Korean internet group Naver's online comic unit, will seek to reach a bigger global audience with the $315 million raised from a U.S. initial public offering this week.

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