Naver Webtoon Acquires 3.25 Million Shares of Munpia for 108.2 Billion KRW
[Asia Economy Reporter Lim Chunhan] Naver (NAVER) announced on the 10th that its subsidiary Naver Webtoon will acquire 3,255,511 shares of the web novel specialized platform Munpia for approximately 108.2 billion KRW.
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After acquiring the shares, Naver Webtoon's stake in Munpia will be 36.1%. Naver stated that the purpose of this stock acquisition is "business partnership."
This content was produced with the assistance of AI translation services.
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