[Concall] Naver "Watpad IP Content Development... Establishing 100 Billion Won Scale Fund"

[Asia Economy Reporter Kang Nahum] Han Seong-suk, CEO of Naver, stated during the Q2 earnings conference call on the 22nd, "We will establish a fund worth 100 billion KRW to commercialize Wattpad IP (intellectual property) content."

He added, "At the end of June, we launched the Wattpad Webtoon Studio and plan to actively expand our global content business based on over 1 billion original IPs."

CEO Han also said, "Original content production in collaboration with partners holding famous global IPs is progressing smoothly," and "Starting with the release of Marvel's Black Widow as a webtoon in July, we plan to expand our collaboration lineup with renowned IP holders in the second half of the year."

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