Kakao Page's Domestic and International Daily Transaction Amount Surpasses 2 Billion Won... Industry First

Transaction Volume Exceeds 100 Billion in Q1... 41% Increase Compared to Previous Year

[Asia Economy Reporter Jin-gyu Lee] Kakao Page announced on the 6th that it has recorded the highest-ever performance by surpassing 2 billion KRW in daily transaction volume of intellectual property rights (IP) distributed domestically and internationally, a first in the industry.

As of the 1st, the combined daily transaction volume of Kakao Page IP distributed both domestically and internationally exceeded 2 billion KRW. Since first surpassing 100 million KRW in daily transactions in 2015, it has achieved 20 times growth in five years.

Kakao Page's integrated transaction volume in the first quarter is also encouraging. As of the first quarter of this year, the combined transaction volume of domestic and international IP exceeded 100 billion KRW, marking a 41% increase compared to the same period last year. In particular, overseas IP distribution transaction volume increased by 164% compared to the same period last year.

Earlier this year, Kakao Page's global platform service in Indonesia laid the foundation for growth by improving user convenience, and Kakao Japan's comic platform Piccoma has been growing at more than double every year since its launch in 2016. Piccoma solidified both its scale and substance, returning to operating profit in the fourth quarter of last year and is expected to be profitable on an annual basis this year as well.

This growth of Piccoma is supported by Kakao Page's strong 'K-Story IP.' Even within Piccoma, Kakao Page IP accounts for only 1.3%. Despite the low IP share, Kakao Page's verified IP is driving Piccoma's growth in Japan, the home country of comics.

Jin-soo Lee, CEO of Kakao Page, said, "As a global leader in K-Story, we have invested a long time in building a value chain to create solid IP based on a sense of mission," adding, "Since Piccoma is showing a very steep growth curve, we plan to accelerate global expansion with Japan as a base."

Kakao Page plans to solidify its foothold for expansion into North America as well as Asia, including China, Taiwan, and Thailand, this year, using K-Story IP as a growth engine.

This content was produced with the assistance of AI translation services.