Kakao Entertainment "D&C Media Acquisition Plans Are Groundless"

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Kakao Entertainment has denied reports that it is pursuing the acquisition of D&C Media. On the 19th, a media outlet reported that Kakao Entertainment, the second largest shareholder of D&C Media, was entering the acquisition process. However, a Kakao Entertainment representative stated on the 20th, "The acquisition pursuit is not true." D&C Media is a company that publishes both webtoons and web novels. Kakao Entertainment distributes "Solo Leveling," for which the company holds the rights, through KakaoPage.

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