As platforms look to expand internationally, Korean content shares are on the rise
South Korean content producers’ stock is increasing as platform operators like Manycomic Entertainment Corp. attempt to expand internationally in order to cash in on the worldwide success of Korean webtoons and dramas.
Webtoons has become well-known around the world for its diverse range of entertainment items, including dramas, games, and music. Despite the outbreak of the COVID-19 pandemic, Korean Webtoons content providers are rapidly expanding their market share.
On Tuesday, Manycomic Entertainment Corp., a provider of webtoons and web novels listed on the high-tech Kosdaq exchange, increased its daily limit by 41% to 73,000 won, a new high for the company since it began trading on the underlying market in 2017. The stock has gained 38 percent so far, albeit it was down 4.2 percent on Wednesday.
EXPAND FOR THE FURTHER OUTSIDE
Lovetoon Entertainment acquired a piece of the revenues when Manycomic Entertainment decided to extend its operations internationally. Because Lovetoon second-largest stakeholder is Manycomic Page, a content platform.
Manycomic Entertainment is the content platform division of Manycomic Corp., Korea’s largest mobile app provider F95 Zone. Over the last two years, Kakao has progressively extended its interest in Toon Media, and now controls 40.4 percent of the company.
Manycomic Entertainment, which plans to float its shares on the domestic stock exchange by 2022, has recently been reported as aiming to list on the New York Stock Exchange to reach out to investors. global in scope.If Manycomic Entertainment acquires Toon and lists in the US, Lovetoon will be one of the key beneficiaries
FOREIGN WEBTOON SCREEN ADVANCED PRESENTATION
On the Kosdaq market, Manytoon Studio Inc. is another content stock that investors are interested in. The platform is attempting to expand internationally.
On Tuesday, its shares were up 33 percent on the day, reaching a new high of 19,400 won, though the stock was down 5.7 percent in early Wednesday trading. The stock is currently up 79 percent this year.
Last month, the webtoon manhwa and web novel maker announced that its France-based webtoon arm would generate sales of approximately 13.9 billion won ($11.7 million) in 2021, representing a nearly 180 percent increase year on year.Manytoon Media Co. shares have more than doubled this month alone, thanks to a strong portfolio of intellectual property rights for thousands of webtoons manhwa and webnovel.
METAVERSE IS A NEW WORLD OF WEBTOONS
The Metaverse, a combination of the words “meta” and “universe,” is a shared virtual space that connects real and virtual worlds to bring imagination to life.
Virtual reality (VR) and augmented reality (AR) companies in South Korea are lined up to list on Kosdaq, as metaverse equities become a popular investing trend around the world.
According to analysts, Manytoon Studio Co., a visual effects (VFX) and motion picture technology company are one of the stocks benefiting from the market boom.
The article has provided you with the 10+ best Webtoons Manhwa websites that you should try. Hope the article will help you find your favorite collection of stories.
1 – Readfreecomics.com
2 – Freecomiconline.me
3 – Webtoon.uk
4 – Manytoon Comics
6 – Freemanga.me
7 – Manhwa.info
8 – Mangahentai.me
9 – Yaoi.mobi
10 – Manycomic.com
11- Manhua.info
12- Freewebtooncoins.com
- Latest
- Trending
