Naver Webtoon's Stagtown to be cinematized by Hollywood

South Korea's Naver Webtoon said on Thursday its horror series Stagtown, popular in the US, will be made into a movie by Hollywood.Stagtown was di...

Hasty overseas expansion hurts Korean entertainment sector

South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...

Cooling demand sparks layoffs at Korean spirits importers

Dwindling demand for foreign beers and whiskeys in South Korea has led some local liquor importers to let go of some staff, spurring concerns about ...

Naver's Wattpad lays off 30 employees again

Naver Corp.'s subsidiary and North American original fiction platform, Wattpad, has once again carried out layoffs after a year. According to the we...

Korean battery makers’ broad restructuring hits US

SK On Co., South Korea’s No. 3 battery maker, has decided to furlough employees at one of its US battery factories in the state of Georgia to ...

Corporate Korea pumps the brakes on developer pay hikes 

South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...

Behind the scenes of Naver’s $600 mn Wattpad purchase

Last August, online portal Naver Corp. entered into exclusive talks with Toronto-based Wattpad Corp. to buy a stake in the world’s largest web...

Naver to acquire web novel platform Wattpad for $593 mn

South Korea’s portal giant Naver Corp. will acquire Wattpad, the world's largest web novel platform based in Toronto, for 653.2 billion wo...